Issuance of the first cannabis retail and manufacturing licenses

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NMRLD News:

SANTA FE — The Cannabis Control Division of the Department of Regulation and Licensing announced Wednesday that it has issued the first new cannabis retail and manufacturing licenses under the Cannabis Control Act, creating jobs and bringing the state closer to the successful launch of adult use. cannabis sales by April 1.

“With every day, New Mexico’s adult-use cannabis industry grows,” said Kristen Thomson, director of the Cannabis Control Division. “Bringing manufacturers and retailers online is an important step that allows more businesses, entrepreneurs and communities to maximize the economic opportunities that adult-use cannabis sales will provide. These three licensees alone plan to hire nearly 130 full-time and part-time employees.

The first retail licenses were awarded to two Albuquerque-based companies, Enchanted Botanicals and Dulce Cannabis.

Enchanted Botanicals, owned and founded by two brothers from Albuquerque, plans two locations in the city, one in Nob Hill and one in San Mateo and Menaul. They also plan to hire 20 construction workers when setting up their workshop and plan to eventually have 60 employees at a total of seven sites.

“We are incredibly proud of New Mexico for the progress made around cannabis and honored to have the opportunity to be a part of this new industry,” said owner and founder Pierre Amestoy III. “My brother and I were born and raised in Albuquerque, and we’re excited to bring all of our cannabis experience and the most innovative growing practices back to our hometown.”

Dulce Cannabis will welcome customers to its Carlisle Blvd. take place at the start of sales. Dulce will start with six new hires, with more opportunities as the business grows.

“We are thrilled to be part of the cannabis movement,” said Samantha County, owner of Dulce Cannabis. “Above all, we are grateful. As a local business, we look forward to serving and giving back to our community. »

Clovis-based manufacturing company Vana is ready to get to work. The minority-owned and woman-owned business, which also has production capacity and plans for retail outlets, says it is committed to uplifting rural communities and providing quality products in the whole state. Vana plans 40 employees between its manufacturing facility and a planned retail location.

“We are very grateful for this opportunity to grow and manufacture cannabis and look forward to serving New Mexico,” said Vana Founder and CEO Parin Kumar. “We hope to educate our fellow New Mexicans on the benefits of cannabis and provide a variety of consistent, high quality products.”

Through an open and transparent process, CCD has been working since its inception on June 29 to create regulations for the new cannabis industry. The producer rules were finalized first, ahead of the September 1 statutory deadline. The rules for the other sectors, including retail and manufacturing, were adopted before the January 1 statutory deadline. The adult-use cannabis industry is expected to generate $300 million in sales each year, create 11,000 jobs, and generate $50 million in revenue for the state in the first year alone.

“This is an exciting time for New Mexico’s emerging cannabis industry,” said Thomson. “These licenses are historic and not only move New Mexico forward, but also reflect New Mexico’s values ​​of social equity and equity.”

With 285 applications submitted, not including existing medical license holders, the professional staff at the Cannabis Control Division are working with potential license holders to complete their applications and approve licenses. Unlike some other states, there is no limit on the number of cannabis licenses in New Mexico. Candidates who complete the licensing process will receive a license.

To date, CCD has issued 14 new producer licenses, of which 9 are micro-enterprises; two retail licenses; and two manufacturing licenses. CCD also renewed the licenses of 34 former medical cannabis producers and approved 13 new premises.

The Cannabis Control Act, passed by the Legislature and signed by the governor last year, requires sales of cannabis for adult use to begin no later than April 1.

Anyone interested in applying for a cannabis license should visit the CCD website at ccd.rld.state.nm.us. Prospective licensees are encouraged to review online checklists and participate in CCD’s Grow New Mexico online business development courses to ensure they have a solid foundation of information when they start the process.

The public can also search for information about licensees and applications in line.

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