Are you interested in starting a cannabis business in New Mexico? The cannabis consultants at New Leaf can help you navigate the process!
This summary of New Mexico requirements and license application process outlines what it takes to win a marijuana business license. Get started today to meet the demands of consumers! Schedule a free consultation with one of our knowledgeable cannabis consultants in New Mexico.
New Mexico Cannabis Consulting & License Application Writing Experts
New Leaf Cannabis Consulting is the #1 Top Rated Cannabis Application Writing, Consulting, and Capital Fundraising one-stop-shop in the U.S. We offer a complete range of services from business model formation and planning, to state licensure, to raising capital and finding investors for the business.
New Leaf has worked with over 180 clients in over 16 different states since we opened our doors in 2015. Our success rate is well over 95% across the board. We offer more services than any of our competition.
If you need cash for your cannabis startup, and/or state and municipal license approval for a completely reasonable price, look no further than New Leaf Cannabis Consulting.
Cannabis Market Condition Overview
Business Climate and Timeline
- December 2021 — The New Mexico Cannabis Control Division (CCD) announced that the final rules for cannabis producers, manufacturers, retailers, and couriers were in effect and began accepting license applications for all cannabis business types, including cultivation, manufacturing, and retail. The state is currently not setting a limit on the number of recreational cannabis licenses that can be approved, however some municipalities have established limitations on the number and types of licenses.
- June 2021 — The Cannabis Regulation Act (CRA) went into effect on June 29, 2021, making adult-use cannabis legal in New Mexico. The CRA has since created a comprehensive licensing, taxing, and regulatory enforcement structure for adult-use cannabis.
- March 2021 — New Mexico legislature approved House Bill 2, the Cannabis Regulation Act. This Act legalizes and regulates adult-use cannabis for adults 21 and older.
- April 2022 — Cannabis became legal for medical and adult-use in New Mexico, recreational sales began 4-1-22.
- January 2022 — New Mexico cannabis producers were permitted to cultivate double the number of plants they were previously allowed to grow after the CCD filed an emergency rule to lift the limitation.
- March 2022 — To date the CCD has issued 73 cannabis producer licenses, 10 cannabis manufacturer licenses and 63 cannabis retail licenses.
- During the first day of adult-use sales, the state reported $1.9 million dollars in sales.
Real Estate & Zoning
In most states, you will need to lock down the location for business operations in the form of either a lease, lease with option to purchase, or a purchase agreement.
Most importantly, during the real estate acquisition process, your company MUST make sure that the actual location COMPLETELY adheres to state and municipal regulations regarding distance restrictions from other businesses such as a daycare or school. An example of this would be Dispensary/Retail. Most times you will not be able to locate your dispensary in a section of the city which is not zoned specifically for retail. Your dispensary location cannot be located anywhere else. Check with the New Mexico Regulation & Licensing Department for locality resolutions and ordinances.
Usually the next step is Municipal/City/Township Approval. Nine times out of ten, these steps will need to take place before the full license application can be completed and submitted.
Laws and Regulations
As you get started, read up on New Mexico’s laws, rules, and regulations. The New Mexico Regulation & Licensing Department’s Cannabis Control Division (CCD) regulates and licenses cannabis producers, manufacturers, retailers, couriers and testing and research laboratories operating in the medical and adult-use markets. To ensure public health and safety, the division establishes policy and rules pertaining to licensing, promoting social equity, compliance and enforcement.
Licensing. The CCD issues licenses to cannabis producers, microbusiness producers, integrated microbusinesses, manufacturers, retailers, consumption areas, vertically integrated establishments, couriers, and testing and research laboratories.
Compliance. To ensure compliance, The CCD monitors cannabis activities by conducting site inspections, working with local governments, and responding to consumer complaints. Compliance officers are trained on requirements for cannabis establishments, laws and regulations pertaining to display, packaging and labeling, advertising and marketing, recording sales, fire safety, security, and occupational health and safety standards.
The current law states that an individual must be 21 years of age or older to legally purchase recreational cannabis in New Mexico. Each person is allowed to purchase up to two ounces of cannabis, 16 grams of cannabis extract, and eight hundred milligrams of edible cannabis at one time. A person cannot possess more than those same amounts outside their residence. Anyone 21 or older can cultivate six mature plants and six seedlings, with a maximum of 12 mature plants per household.
Medical Marijuana in New Mexico — Twenty-eight medical conditions qualify patients to register for the use of medical cannabis in New Mexico. Patients are allowed to purchase from a licensed dispensary and possess up to 15 ounces over a rolling three-month period, with the possibility of a higher limit with a letter of special need from a certifying physician. Patients are also permitted to grow up to four mature plants and possess 12 immature plants. On February 22, 2022 amendments to New Mexico Administrative Code (NMAC) went into effect, which included an increase of adequate supply for medical patients to 15 ounces of dried flower, streamlining the patient application process by removing the requirement to submit a separate unit increase letter, and streamlined the Caregiver application with the removal of the background check to be more in-line with the Cannabis Regulation Act (CRA). The Medical Cannabis Program patient registry will continue to be maintained by the Department of Health.