New Mexico is Currently Accepting Applications for Medical Cannabis Manufacturer Licenses
New Mexico is Currently Accepting Applications for Medical Cannabis Manufacturer Licenses
New Mexico is now currently accepting applications for medical cannabis manufacturer licenses!
A manufacturer in New Mexico is defined as a business entity that manufactures cannabis-derived products that has been approved for this purpose by the medical cannabis program.
Interested manufacturer (s) will need to submit an application form + fee of one thousand dollars ($1,000) issued to the Medical Cannabis Program. Applicants will also need to submit information outlined below for the initial approval or for periodic evaluations during the approval period.
- Proof that the manufacturer applicant is in good standing with the New Mexico Taxation and revenue department
- Copies of the articles of incorporation and by-laws
- A written description of safety measures utilized in manufacturing cannabis-derived products
- List of all persons or business entities having direct or indirect authority over the management or policies of the manufacturer applicant
- List of all persons or business entities having any ownership interest the property utilized by the manufacturer applicant
- A description of the facilities
- Chain of custody documentation from seed to sale
- Testing procedures
- Security plan
- An attestation that no firearms will be permitted on any premises used for the manufacture of cannabis-derived products by the manufacturer applicant
- Training plan
- Personnel records job descriptions and employment contracts for all employees
New Mexico Marijuana Industry Recap:
The state of New Mexico legalized medical cannabis in 2007, through a Legislative bill, Senate Bill 523, which provided a legal way for qualifying patients in the state to access and utilize medical cannabis as a form of treatment for their ailment. Access to medical cannabis is through state-licensed businesses that are allowed to grow, manufacture, and sell medical cannabis.
For the first quarter of 2020, medical cannabis sales in New Mexico reached $40.1 million. The state saw a 20 percent increase in medical cannabis patients over the same span last year. Gov. Lujan Grisham voiced her support for recreational cannabis initiative which could generate more than 10,000 jobs and a possible $100 million in tax revenue.
If you’re interested in learning more about the New Mexico market, schedule a consult with our Direct of Licensing, Maxime Kot.
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