New Mexico Gets Ready for the Rush The New Mexico recreational cannabis law officially went into effect on June 29, but New Mexico’s deadline to begin issuing cannabis licenses is September 1. In a recent hearing, experts stated that New Mexico will likely run out of recreational cannabis product within the first week of when sales go live. Meetings with numerous state organizations will continue to be held up to the point when recreational cannabis sales begin in April 2022. Her information is based on the first few weeks of other states’ recreational cannabis launch programs. He defends his stance by pointing out the high costs of both obtaining a license as well as getting a regulated cannabis business up and running.
New Mexico could be in trouble when it comes to cannabis availability. In a recent hearing, experts stated that New Mexico will likely run out of recreational cannabis product within the first week of when sales go live.
Linda Trujillo, Superintendent of the Regulation and Licensing Department, spoke with the Economic Development and Policy Committee on July 26 and stated that it’s likely the state will experience what she refers to as “Krispy Kreme syndrome”—or high demand at the opening of a Krispy Kreme franchise.
Obviously referring to the future of cannabis sales, Trujillo said that they anticipate...
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