Pot Grower Prepares For The Recreational Market In New Mexico | New Mexico News
SANTA FE, NM (AP) – Cannabis supplier Ultra Health has announced that it has finalized the purchase of an old bakery and adjacent land in southern New Mexico, which will pave the way for a grow campus and large-scale marijuana manufacturing.
The purchase of the property in Alamogordo comes as New Mexico prepares for the start of recreational marijuana sales by April 1, 2022. Regulators are finalizing the licensing process for a variety of marijuana businesses.
On Monday, Marissa Novel, Marketing Director of Ultra Health, said the real estate deal in Alamogordo had been in the works for almost two years.
Ultra Health plans to grow cannabis both inside and outside the new facility, with space to prune, dry and dry the crop on site and provide services to other growers, has t she declared. The property includes production facilities covering 5 acres (2 hectares).
âIt is envisioned to be this campus where you can see a variety of cannabis-related activities taking place in a very collaborative environment,â Novel said.
Ultra Health – headquartered in Bernalillo and Scottsdale, Arizona – has also announced plans to seek a license from the federal government to conduct research on growing cannabis.
The investment highlights the financial stakes of a new statewide market for recreational marijuana.
More than 100,000 residents are already enrolled in the state’s medical marijuana program for people with qualifying conditions such as cancer, chronic pain and post-traumatic stress disorder.
Democratic Gov. Michelle Lujan Grisham signed a law in April to allow possession of up to 2 ounces (56 grams) of weed and levy taxes on sales of recreational marijuana.
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