New Mexico’s #1 Cannabis Company begins building state-of-the-art location in Union County

(Albuquerque) – Ultra Health, New Mexico’s #1 Cannabis Company, will break ground on the state’s first custom build-to-suit cannabis dispensary today in Clayton, New Mexico.

The dispensary, located off US-87 in the most heavily trafficked area in Northeastern New Mexico, is estimated to bring in millions in revenue once the state legalizes cannabis for social use. Much of the estimated revenue is expected to come from out-of-state tourism due to Union County bordering Texas, Oklahoma, and Colorado.

The new 2,680-foot Ultra Health dispensary will open in January 2019, expanding Ultra Health’s footprint to 13 counties statewide.

Continue reading “Ultra Health Breaks Ground on Dispensary In Clayton, New Mexico”

Margin of nearly 2 to 1, reliable New Mexican voters support legalization of cannabis

(Albuquerque) – A majority of proven voters in New Mexico support a bill to legalize, regulate, and tax cannabis sales for adults 21 and over, according to a new poll from the Albuquerque Journal.

Altogether, 60 percent of proven voters support cannabis legalization, 32 percent are opposed, and 8 percent either didn’t know or would not say if they are supportive. The poll, conducted by Research & Polling Inc., was based on a sample of 423 registered New Mexico voters who participated in the 2014 and 2016 general elections and indicated they would participate in the upcoming election.

Continue reading “New Poll Shows 60% of New Mexico Voters Back Cannabis legalization”

Department of Health releases approved cannabis cultivation plant count through July 31, 2019

(Albuquerque) – On August 1, 2018, the 35 commercial producers in New Mexico licensed a total of 14,700 plants for medical cannabis cultivation, representing a mere 7 percent increase in plants allowed since August 1, 2016. During the same two-year period, the number of patients in New Mexico’s Medical Cannabis Program has doubled.

The program’s increase of only 7 percent in plants allowed for medical cannabis cultivation is concerning, as enrollment and patient demand in the program continue to grow at an accelerated pace.

Continue reading “New Mexico Cannabis Plants Still Restricted Despite Program Doubling In Size”

Medical program participation rapidly approaching 65,000 qualified New Mexicans

(Albuquerque) – The number of patients certified for the medicinal use of cannabis in New Mexico reached 58,211 as of July 31, 2018, according to data released by the New Mexico Department of Health. The one month gain of 3,354 patients represents the single-biggest month of patient enrollment since April of 2017.

Continue reading “New Mexico Cannabis Program Sees Biggest Enrollment Jump In 14 Months”

Two licensed producers generate half of New Mexico’s cannabis industry growth

(Albuquerque) – The 35 commercial producers in New Mexico surpassed $51 million in patient sales for the first six months of 2018, according to data submitted to the New Mexico Department of Health (NMDOH). The retail patient revenue for the first six months is an increase of 27 percent over the same period in 2017.

Five providers in the state were responsible for 78 percent of the revenue increase from the first six months of 2018 over the comparable period in 2017, while two of the five producers accounted for nearly 50 percent of the industry’s total growth.

Continue reading “New Mexico Medical Cannabis Program Surging Toward $100 Million in 2018”

Majority of counties experience double-digit enrollment growth in the first six months of 2018

(Albuquerque) – New Mexico’s Medical Cannabis Program has 54,857 active patients enrolled as of June 30, 2018. This is an 18 percent increase since December 31, 2017, according to data from the New Mexico Department of Health (NMDOH). The program is growing at an annualized rate of 36 percent and is expected to serve more than 60,000 patients by the end of 2018.

The following counties with at least 500 cardholders have experienced the fastest growth rates since the beginning of the year:

1. Grant* 42%
2. Otero* 32%
3. Curry* 23%
4. Santa Fe* 23%
5. Dona Aña 23%

* Counties currently served by Ultra Health. The provider is awaiting designation from NMDOH for two new locations in Dona Aña County in Sunland Park and Las Cruces.

Despite regulatory challenges, the program is continuing its accelerated pace into the first six months of 2018.

“In any other industry, exponential growth rates would be looked upon positively and bureaucrats would be scrambling to support the future,” said Duke Rodriguez, CEO and President of Ultra Health®. “Fortunately, despite regulatory impediments the cannabis industry has emerged because of broad public support at a grassroots level.”

Forecasts show the industry’s revenue for the first six months of 2018 is projected to reach over $50 million, an increase of 25 percent over the first six months of 2017. Ultra Health expects to lead all licensed producers with $7.7 million in sales for the first half of the year, an increase of nearly 80 percent over the same period.

More data on the Medical Cannabis Program’s first six months of 2018 will be available after quarterly reports are submitted to NMDOH by the July 16, 2018 deadline.

Judge David K. Thomson rules NMDOH sanction is arbitrary and capricious

(Santa Fe) – District Judge David. K Thomson reversed the New Mexico Department of Health (NMDOH) sanction against medical cannabis provider Ultra Health for bringing a single seedling to the New Mexico State Fair in September 2016.

The order, released May 29, 2018, reversed the NMDOH sanction which attempted to force Ultra Health to close for five consecutive days, which also included April 20, the single busiest cannabis sales day of the year.

Continue reading “New Mexico Judge Rejects NMDOH Sanction For Seedling At State Fair”

Twenty counties see more than 40 percent increase in patient enrollment year-over-year

(Albuquerque) – New Mexico’s Medical Cannabis Program enrollment reached 53,585 patients as of May 31, 2018, an increase of 15 percent or nearly 7,000 patients since the beginning of the calendar year.

According to data from the New Mexico Department of Health (NMDOH), the breakdown for all 33 counties showed an increase of 42 percent from May 31, 2017 to May 31 2018.

Continue reading “New Mexico Medical Cannabis Program Adds 7,000 Patients In Five Months”