5/23/20

Number of patients enrolled in NM therapeutic cannabis program blazes to near 90,000

According to Duke Rodriquez, CEO of Ultra Health, New Mexico has more patients in its therapeutic cannabis program than Colorado does. Speaker of the New Mexico House Brian Egolf not only supports legalization for all adults he serves as legal counsel for the state's cannabis volume leader, Ultra Health.

A failure to reach a consensus on legal cannabis for all adults in New Mexico during the last legislative huddle was due in part to Rodriguez' objection to home growing but with oil and gas revenues in the shitter legislators will convene a special session. Many political observers believe the state will turn her gaze back to cannabis despite the water shortages that constrain growers in drought-stressed New Mexico.

Vaporizer cartridges from China have become a source of concern as a virus outbreak sweeps the globe.
Combined patient sales from the 34 licensed producers in New Mexico’s Medical Cannabis Program totaled $40.1 million for the first quarter of 2020, an increase of $12 million or 43% over reported patient sales in the first quarter of 2019. Ultra Health topped all producers with $6.1 million in patient sales for the first quarter. New Mexico’s top 10 cannabis providers accounted for 71% of total patient sales. The program enrolled 85,168 patients as of March 31, 2020, an increase of 20% over March 2019 enrollment. A total of 6,128 pounds of cannabis flower was sold to patients during the first three months of the year, representing an increase of 30% over total pounds sold in the first quarter of 2019. The Medical Cannabis Program is currently supporting a record number of nearly 90,000 patients while operating on its lowest supply of available cannabis since December 31, 2018. [press release, Ultra Health]

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