NM still waiting to see how new cannabis sales $tabilize

Lava Leaf Organics

New Mexico cannabis sales totaled $5.2 million over the first weekend of adult-use sales, the Cannabis Control Division of the Regulation and Licensing Department reported Monday. Friday, the first day of adult-use sales, was nearly double Colorado’s first day of adult-use sales…

New Mexico was ready for this historic opportunity to end prohibition,” said Cannabis Control Division Director Kristen Thomson. “Whether it’s people moving from the illicit market to the safe, regulated legal market or brand-new customers excited to try high-quality New Mexico products for the first time, New Mexicans supported cannabis businesses in record numbers this weekend.”

The Cannabis Regulation Act, passed by the Legislature and signed by the governor last year, called for sales of adult-use cannabis to begin no later than April 1. The new industry is projected to generate over $300 million annually in sales, create more than 11,000 jobs and bring in $50 million in state revenue in the first year alone.

Still looking for a low horsepower bread recipe to try for my weekly loaf. I doubt it will become my regular bake; but, I’d still like to give it a try.

One thought on “NM still waiting to see how new cannabis sales $tabilize

  1. Smell test says:

    After less than a year in the position, the director of New Mexico’s Cannabis Control Division has resigned. https://nmpoliticalreport.com/2022/06/17/nm-cannabis-regulation-director-resigns/
    “Prior to working for the Cannabis Control Division, Kristen Thomson was a lobbyist in Colorado. According to her lobbying company’s website, cannabis was one of a handful of issues Thomson worked on.
    Thomson became the first director of the division in Nov. 2021, just months after the enactment of the Cannabis Regulation Act established the new division.
    The same month Thomson was hired, John Blair resigned from his role as deputy superintendent of the Regulation and Licensing Division. Blair took a position as city manager in Santa Fe and Victor Reyes, a former Gov. Michelle Lujan Grisham staffer, took over the second in command position under Superintendent Linda Trujillo.
    Geiger said Trujillo appointed Carolina Barrera as the interim director of the Cannabis Control Division. Barrera, Geiger said, previously worked under Thomson, as the deputy director of business operations.
    Thomson said she is not sure what’s next for her, but will be looking for her next big opportunity.”

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