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New Mexico : Recreational cannabis brings in more than $300 million in its first year

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NM Political report writes

The state’s recreational cannabis program brought in $300 million in adult-use cannabis sales in its first year, Gov. Michelle Lujan Grisham announced Monday, a few days after the anniversary of legalized cannabis sales.

“In just one year, hundreds of millions of dollars in economic activity has been generated in communities across the state, the number of businesses continues to increase, and thousands of New Mexicans are employed by this new industry,” Lujan Grisham said in a news release Monday. “I’m excited to see what the future holds as we continue to develop an innovative and safe adult-use cannabis industry.”

Since April 2022, New Mexico issued about 2,000 cannabis licenses across the state including 633 dispensaries, 351 producers, 415 micro-producers and 507 manufacturers.

In the first year of adult-use cannabis, sales have been on a consistent trajectory with March 2023 showing the largest adult-use cannabis sales so far with more than $32 million in sales.

Medical cannabis sales are still active with March sales totaling about $15 million which is comparable to previous months which showed $13-15 million in sales.

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Recreational cannabis brings in more than $300 million in its first year

 



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REGISTER YOUR INTEREST: International Cannabis Symposium – Sandton Convention Centre, Johannesburg, South Africa May 30 – June 1, 2025

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International Cannabis Symposium

Sandton Convention Centre

Johannesburg, South Africa

May 30 – June 1, 2025

REGISTER

The International Cannabis Symposium: Law, Trade, and Standards is a premier, invite-only event designed for cannabis trade delegations, policymakers, legal experts, and key industry stakeholders. This inaugural symposium will be held on May 30, 2025, at the Sandton Convention Centre, Johannesburg, coinciding with the South African Cannabis Expo (May 30 – June 1, 2025).

This exclusive gathering will bring together global leaders in cannabis and hemp regulation, commerce, and compliance to discuss the latest legal frameworks, international trade opportunities, and industry standards.

REGISTER

Welcome and Morning Keynote

Africa’s Green Revolution: The State of Cannabis & Hemp

From Africa to the World: Expanding African Cannabis Markets

Afternoon Keynote with Steve D’Angelo

Cross-Border Cannabis: Navigating Global Trade Agreements

Cannabis Without Borders: The Globalization of Cannabis Law

Raising the Bar: Global Standards in Cannabis & Hemp Compliance

 

 



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Canada: Metrc kicks off “pilot” program

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Nobody left in the US.. now it’s time for Canada

The Edmonton jnl

A pilot project in Alberta is aiming to transform cannabis product transparency with Metrc’s Retail ID system. By simply scanning a QR code provided at purchase, consumers gain access to lab test results, certificates of analysis (COA), product name, image, cannabinoid, and terpenes, ensuring greater trust in legal cannabis products.

“For the pilot, it’s limited to just one product which is manufactured by Token Naturals and distributed by Plantlife Cannabis. So when consumers scan the QR code, they’ll be taken to a landing page that provides supplemental information on the product,” he said.

The initiative, supported by Alberta Gaming, Liquor and Cannabis (AGLC), Token Naturals, and Plantlife Cannabis, serves as “a proof of concept,” Urbanowicz said.

“We’re in discussions with Token Naturals, Plantlife Cannabis, and AGLC. Our goal is, once we demonstrate the proof of concept, that we’ll be able to expand to additional products, potentially to additional businesses as well,” he said.

Metrc, which has experience deploying the system in the U.S., ensures data accuracy through a structured compliance approach, though noted there’s not the same source of record system in Canada as in the U.S. As part of the pilot, Token Naturals, the local manufacturer located in Edmonton, tests results into their system and generates a QR code. The QR codes and products are then shipped to AGLC’s distribution center, which supplies retailer Plantlife Cannabis. Plantlife then distributes the QR code stickers and business cards to consumers.

https://edmontonjournal.com/business/albertas-new-qr-code-system-enhances-cannabis-transparency-a-first-for-canada?utm_medium=email&_hsmi=105979819&utm_content=105979819&utm_source=hs_email



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Asia Pacific & Australia

It All Turned A Bit Bogan At Aussie Medical Cannabis Symposium

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Thanks to Hemp Gazette for spotting this – I have to admit I missed it and unsurprisingly nobody made me aware of it The Linked in Post from the organisers Some Comments



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