New Mexico is bringing sales of recreational marijuana to the doorstep of Texas as the movement toward broad legalization sweeps across more of the American West
Marijuana dispensary manager LeRoy Roybal, right, and bud tender Benjamin Oliver prepare on Tuesday, March 29, 2022, for the opening of New Mexico's regulated market for recreational cannabis at a Minerva Canna store in Santa Fe, N.M. At midnight on Friday, April 1, 2022, it becomes legal for anyone 21 and older to purchase and possess up to 2 ounces of marijuana for personal use -- enough to roll about 60 joints or cigarettes.
Across the state, would-be marijuana farmers are bidding for water rights and learning to raise their first cannabis crops, as experienced medical cannabis producers ramp up production and add new retail showrooms. In the state capital of Santa Fe, marijuana is going on sale across the street from the city's newly built visitors center on a block lined with galleries, clothing boutiques and restaurants.
Consumers initially will rely heavily on supplies from 35 legacy marijuana businesses that took root over the past 15 years. Cannabis regulators have issued more than 230 new marijuana business licenses so far — to growers, retailers and manufacturing facilities for extracts and edibles. New business licenses for cannabis cafes or lounges haven’t been requested yet — leaving people to indulge in their homes or designated hotels, casinos and cigar shops.
“The one thing that we are going to struggle with is we are going to run out of buildings" for new businesses, he said. New Mexico’s cannabis industry, still reliant on cash to avoid running afoul of federal law, is gaining access to banking services through an alternative certification system for credit unions and banks supported by state attorneys general.
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