New Mexico’s medical marijuana market is about to go through a significant growth spurt – and get some more competition.
The state has selected a dozen applicants out of an initial pool of 86 to receive new business licenses and join the 23 nonprofit producers and dispensaries already operating.
New Mexico’s health department did not release the names of companies that won initial approval for licenses, but Marijuana Business Daily learned that at least one out-of-state company, Colorado-based Shift Cannabis, has won one of the permits.
Shift, which bills itself as a nationwide consulting firm that has various business interests in the cannabis sector, found a local partner in Santa Fe, where it won the sole new license in the county.
Rob McEvoy, Principal at Shift Cannabis
What we want to do is enhance that program and deliver high-quality medicine… from a very high pedigree. We have a local partner down there, a group that we’re working with, and we’re going to be providing all the management oversight and operations and logistics for the group.
Read John Schroyer’s “More Growth, Competition on the Horizon for New Mexico’s Medical Marijuana Industry”: http://mjbizdaily.com/more-growth-competition-ahead-for-new-mexicos-medical-cannabis-industry/