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New Mexico's Cannabis Industry Struggles Against Criminal Exploitation And Regulatory Failures
Thursday, October 3, 2024 - 5:46pm | 621Despite achieving over $1 billion in sales since the legalization of recreational cannabis 29 months ago, New Mexico’s cannabis industry is grappling with severe regulatory challenges. A year-long investigation by KRQE’s Larry Baker has uncovered serious regulatory issues in New Mexico'...
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New Mexico Clamps Down: $2M Fines For Cannabis Farm Violations
Wednesday, January 3, 2024 - 12:56pm | 435New Mexico marijuana regulators on Tuesday revoked the licenses of two growing operations in a rural county for numerous violations. They levied a $1 million fine against each business. This action comes in the wake of New Mexico’s legalization of cannabis in April 2021, a move that marked a...
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New Mexico Cracks Down On Shady Cannabis Operations In First Petition Of Its Kind Since Legalization
Wednesday, August 2, 2023 - 4:48pm | 694In an unprecedented move, the New Mexico Cannabis Control Division (CCD) has filed a first-ever petition for a preliminary injunction against a local cannabis business, Sawmill Sweet Leaf LLC. “A key component of compliance actions is the ability to suspend licenses immediately if they...
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New Mexico: Two Months Into Regulated Cannabis Market, Sales Stabilize At $38.5M
Friday, June 3, 2022 - 3:56pm | 307Two months after recreational cannabis was legalized in New Mexico, medicinal and adult-use sales exceeded $38.5 million, reported Las Cruces Sun-News on Friday. Although New Mexico opened four new dispensaries during May, sales were $1 million less than the first month (April). Medical...
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Forian BioTrack Launches New Mexico Traceability Software For Adult Use Cannabis
Thursday, April 7, 2022 - 2:25pm | 550Bio-Tech Medical Software, Inc. subsidiary of Forian Inc. (NASDAQ: FORA), successfully completed the launch of its New Mexico state traceability system for adult-use cannabis sales. This latest state partnership demonstrates the continued expansion of Forian’s BioTrack state traceability...