Patients choose Ultra Health by 6 to 1; Industry hampered by regulatory hurdles
(Albuquerque) – Combined patient sales from the 35 licensed producers in New Mexico’s Medical Cannabis Program totaled $106 million in 2018, an increase of $19.6 million or 23 percent over reported annual revenue in 2017.
Patient enrollment grew by 45 percent over the same period, from 46,645 patients as of December 31, 2017, to 67,574 patients as of December 31, 2018, according to data from the New Mexico Department of Health (NMDOH).
The enrollment gain in 2018 grew at nearly twice the pace of patient sales, resulting in the lowest available plant per patient ratio in the program’s history of less than ¼ plant per patient. This trend confirms the plant count limit, coupled with regulatory hurdles, are directly responsible for the lack of an adequate supply statewide.
Patient access restrictions in the program include scant purchase limits, potency caps, failure to honor reciprocity with other states and the prohibition on producers to provide savings to patients for volume purchases. All of these factors, along with a restrictive plant count, contribute to a low program utilization compared to the region, inflated prices for patients, and increased black market marijuana activity.
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