Industry Experts Say New Mexico’s Cannabis Industry Is Underregulated
There’s a feeling that they can get away with breaking the rules
Tens of millions of dollars have passed through licensed cannabis retailers in New Mexico. By the numbers, the industry is booming. But industry experts are telling lawmakers there are too many retailers and not enough regulation.
In an Economic & Rural Development & Policy Committee meeting, Tony Martinez, the CEO of Lava Leaf Organics, told lawmakers that because cannabis businesses haven’t seen much enforcement until recently, there’s a feeling that they can get away with breaking the rules.
“I can see CCD [the Cannabis Control Division] is taking action. Things are happening, but we’ve been in this realm for two years now, and until two months ago, no licenses had been taken,” Martinez said.
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