Category: Press Releases Category: Press Releases New Mexico Court of Appeals Affirms Favorable Writ of Mandamus Ruling Posted on July 26, 2021 by Marissa Ultra Health suit against the New Mexico Department of Health regarding distribution locations stands (Albuquerque) – Ultra Health, New Mexico’s #1 Cannabis Company, received a favorable ruling from the New Mexico Court of Appeals on July 22, 2021, affirming the decision made in the Thirteenth Judicial District in October 2018. Ultra Health filed a petition for an alternative writ of mandamus in August 2018 after the New Mexico Department of Health (NMDOH) refused to designate the operator’s additional dispensary locations. Continue reading Posted in Press Releases Ultra Health and Leading Cannabis Consulting Firm Release Demand Report Posted on June 28, 2021 by Marissa New Mexico’s #1 Cannabis Company and MPG Consulting forecast $783 million total cannabis market (Albuquerque) – Ultra Health, New Mexico’s #1 Cannabis Company, released the most comprehensive cannabis demand report for the New Mexico adult-use and medical cannabis markets seen to date. The analysis recommends more than twice the number of plants the New Mexico Regulation and Licensing Department (RLD) has suggested for commercial cannabis cultivation. The report, prepared by MPG Consulting out of Denver, Colorado, estimates the total New Mexico cannabis market will reach $782.7 million by 2026 if regulations supporting a robust cannabis market are promulgated. The extensive analysis outlines several cannabis market demand factors including market sizing, cannabis use trends, cannabis price trends, market dynamics, illicit and regulated market share, plant count allocations, average yields per plant harvested, harvest cycles, production control systems in other states, license distribution in other states, and New Mexico-specific recommendations. Continue reading Posted in Press Releases Ultra Health Files Brief on Cannabis Taxation Case Before the Supreme Court Posted on June 22, 2021 by Marissa New Mexico’s #1 Cannabis Company submits brief in monumental case that will shape cannabis policy (Albuquerque) – Ultra Health, New Mexico’s #1 Cannabis Company, submitted an Amicus Brief to the New Mexico Supreme Court on June 18, 2021, demonstrating the legal basis for medical cannabis to be taxed exactly like any other prescription medication in the state. The brief was submitted in support of another licensed cannabis producer’s case that is now pending before the Supreme Court. The producer requested a refund in 2014 for New Mexico gross receipts taxes paid on medical cannabis, claiming medical cannabis should be untaxed and treated like any other prescription in the state. The New Mexico Tax and Revenue Department (TRD) denied the claim, as did a Hearing Officer in an internal administrative proceeding. The cannabis producer appealed the Hearing Officer’s ruling to the New Mexico Court of Appeals. Continue reading Posted in Press Releases Ultra Health Deploys Capital Expansion Projects in Several Regions Across the State Posted on June 1, 2021 by Marissa New Mexico’s #1 Cannabis Company expands infrastructure, operations to prepare for adult-use cannabis (Albuquerque) – Ultra Health, New Mexico’s #1 Cannabis Company, has officially broken ground on multiple capital expansion projects in New Mexico to ready the state for the onset of commercial cannabis activity under the Cannabis Regulation Act, effective June 29, 2021. The provider has multiple contracts in place to expand retail, production, manufacturing, and distribution operations to several regions across the Land of Enchantment, including operations in Bernalillo County, Sandoval County, Socorro County, and Otero County. Ultra Health’s retail presence will span 28 of New Mexico’s 33 counties by the end of 2021. Continue reading Posted in Press Releases New Mexico State Agency Releases Draft Rules for Commercial Cannabis Activity Posted on May 26, 2021 by Marissa Little evidence provided to support proposed rules that include limits on production, licensing fees (Santa Fe) – The New Mexico Regulation and Licensing Department (RLD) released the first set of draft rules to govern the state’s commercial cannabis activity, including the administration of the Medical Cannabis Program and adult-use cannabis activities, on Tuesday. The rules include provisions on requirements for licensure, limits on production for cannabis producers, annual license fees, and per-plant fees. Specifically, the rules outline predeterminations for cannabis producer license types under the following classes: Level 1: 201 – 2,500 mature cannabis plants; Level 2: 2,501 – 3,500 mature cannabis plants; and Level 3: 3,501 – 4,500 mature cannabis plants. Continue reading Posted in Press Releases New Mexico Medical Cannabis Program Approaching 125,000 enrollees Posted on May 10, 2021 by Marissa Program momentum continues as April marks single-biggest cardholder gain in the last 12 months (Albuquerque) – Patient enrollment in New Mexico’s Medical Cannabis Program reached 115,732 patients as of April 30, 2021, according to recent data released by the New Mexico Department of Health (NMDOH). This represents an increase of 25,810 patients or 29% over April 2020 enrollment. Along with the enrolled patients, the program is serving 9,781 reciprocal participants, according to data released by NMDOH. Continue reading Posted in Press Releases New Mexico Judge Orders State Agency To Reinstate Cannabis Reciprocity Eligibility Posted on May 3, 2021 by Marissa Court victory grants greater access for patients to engage in the Medical Cannabis Program (Albuquerque) – New Mexico District Court Judge Mattew J. Wilson issued a Writ of Mandamus on May 3, 2021, effectively expanding eligibility for thousands of reciprocal cannabis patients in New Mexico’s Medical Cannabis Program. The writ, filed by Ultra Health, New Mexico’s #1 Cannabis Company, contends that the New Mexico Department of Health (NMDOH) promulgated a rule that was not consistent with the Lynn and Erin Compassionate Use Act (LECUA), the Medical Cannabis Program’s enabling legislation. Continue reading Posted in Press Releases New Mexico Medical Cannabis Enrollment Continues Upward Pace in First Quarter of 2021 Posted on April 12, 2021 by Marissa Available supply to be difficult as patient purchase limits increase twenty-two times above current rules (Albuquerque) – Patient enrollment in New Mexico’s Medical Cannabis Program reached 112,183 patients as of March 31, 2021, according to recent data released by the New Mexico Department of Health (NMDOH). This represents an increase of 27,015 patients or 32% over March 2020 enrollment. The Medical Cannabis Program has seen substantial, double-digit increases in patient enrollment during the last five years, adding more than 90,000 patients since March 2016. Now, the challenge will be to supply the medical program and adult-use program with an adequate supply of cannabis statewide. Continue reading Posted in Press Releases New Mexico Medical Cannabis Program Enters 2021 with Strong Patient Enrollment Posted on February 23, 2021 by Marissa Enrollment climbs and personal production licenses shrink as patients are unable to access adequate supply (Albuquerque) – Active patient enrollment in New Mexico’s Medical Cannabis Program reached 107,371 patients as of January 31, 2021, according to data released by the New Mexico Department of Health (NMDOH). This represents an increase of 25,600 patients or 31% over January 2020 enrollment. As patient enrollment grew substantially over the last 12 months, patients are choosing established licensed cannabis providers for their cannabis needs rather than seeking personal production licenses. The total number of personal production licenses shrank by 5% from January 31, 2020, to January 31, 2021. Continue reading Posted in Press Releases New Mexico Medical Cannabis Industry Surpasses $200 million in Patient Sales in 2020 Posted on February 8, 2021 by Marissa Consolidation effect shows patients increasingly navigate to larger, established operators as industry matures (Albuquerque) – Combined patient sales from the 34 licensed producers in New Mexico’s Medical Cannabis Program totaled $203 million in 2020, an increase of $74 million or 57% over reported patient sales in 2019. Ultra Health, New Mexico’s #1 Cannabis Company, led all operators with nearly $40 million in patient sales, 71% greater than its nearest competitor. Patient enrollment grew by 30% during the same period, from 80,257 patients as of December 31, 2019, to 104,655 patients as of December 31, 2020, according to data published by the New Mexico Department of Health (NMDOH). The 24,398 patient enrollment gain in 2020 was the single largest jump since the inception of the program. 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