{"id":7684,"date":"2021-04-14T13:07:55","date_gmt":"2021-04-14T20:07:55","guid":{"rendered":"https:\/\/cannabisrealestateconsultants.com\/?page_id=7684"},"modified":"2021-07-30T15:30:23","modified_gmt":"2021-07-30T22:30:23","slug":"new-mexico-real-estate","status":"publish","type":"page","link":"https:\/\/cannabisrealestateconsultants.com\/new-mexico-real-estate\/","title":{"rendered":"New Mexico Real Estate & Cannabis Regulations"},"content":{"rendered":"

[vc_row][vc_column width=”1\/2″][vc_column_text]Cannabis Status:\u00a0Pending, Sales begin April 1, 2022<\/span><\/strong><\/p>\n

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\u2019s 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.<\/p>\n

Population:<\/strong> 2.097 million
\nMedian Income:<\/strong> $49,754
\nCannabis Uses:<\/strong> Manufacturer, Producer, Research Laboratory, Testing Laboratory, Vertically Integrated Cannabis Establishment, Cannabis Producer Microbusiness, Integrated Cannabis Microbusiness
\nState Cannabis Overview:<\/strong> In April, 2021 Governor Michelle Lujan Grisham signed the states cannabis bill into law. Now the state\u2019s 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.[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][vc_single_image image=”7685″ img_size=”medium” alignment=”center”][vc_btn title=”View New Mexico Cannabis Real Estate Properties” style=”custom” custom_background=”#02723b” custom_text=”#ffffff” size=”lg” align=”center” i_icon_fontawesome=”fas fa-warehouse” button_block=”true” add_icon=”true” link=”url:%23properties|||”][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=”custom” border_width=”2″ accent_color=”#f0bb0b” css=”.vc_custom_1585940601511{padding-top: 10px !important;padding-bottom: 10px !important;}”][\/vc_column][\/vc_row][vc_row][vc_column][vc_single_image image=”7686″ img_size=”full” alignment=”center”][vc_custom_heading text=”New Mexico Cannabis & Commercial Real Estate Research” use_theme_fonts=”yes” el_class=”regAccordHeading”][\/vc_column][\/vc_row][vc_row][vc_column][vc_tta_accordion active_section=”1″ no_fill=”true” collapsible_all=”true” el_class=”cityRegsAccordian”][vc_tta_section title=”New Mexico Uses \/ Distance Requirement \/ Cap of Business” tab_id=”1585939378107-4a163188-81ea”][vc_column_text]Uses:<\/strong> Manufacturer, Producer, Research Laboratory, Testing Laboratory, Vertically Integrated Cannabis Establishment, Cannabis Producer Microbusiness, Integrated Cannabis Microbusiness<\/p>\n

Distance Requirements:<\/strong> TBD. Final regulatory and licensure will be centrally controlled by a new Cannabis Control Division. Unlike most other states, New Mexico will not allow municipalities to ban cannabis businesses in their cities. Municipalities could, however, use their local zoning authority to limit the number of retailers or their distance from schools, daycares or other cannabis businesses.<\/p>\n

Caps:<\/strong> There are no set limits for the number of licenses that will be issued, however regulators could stop issuing new licenses if an advisory committee determines that \u201cmarket equilibrium is deficient.<\/p>\n

Tax Rate:<\/strong><\/p>\n