Cannabis Status: Pending, Sales begin April 1, 2022
Less than 24 hours after New York officially legalized commercial cannabis, the state of New Mexico passed an adult-use cannabis legalization bill through the State’s Senate and House of Representatives and has been signed into law by the Governor. In order to support entrepreneurs with small amounts of capital, New Mexico will be allowing a small microbusinesses license type, able to grow up to 200 plants and process and sell cannabis products all under a single license.
Population: 2.097 million
Median Income: $49,754
Cannabis Uses: Manufacturer, Producer, Research Laboratory, Testing Laboratory, Vertically Integrated Cannabis Establishment, Cannabis Producer Microbusiness, Integrated Cannabis Microbusiness
State Cannabis Overview: In April, 2021 Governor Michelle Lujan Grisham signed the states cannabis bill into law. Now the state’s new Cannabis Control Division will begin developing final rules and regulations for the licensing process. Final license rules would be due from the state by January 1, 2022, with licenses themselves issued no later than April 1.
