Commercial sales of recreational cannabis are expected to begin no later than April 1, 2022.
“We’ve had the good fortune of speaking with other states who have already implemented adult use cannabis to learn what’s worked and what’s not work. and. What we’ve learned is that every state has likely run out of cannabis on the first day,” said John Blair, deputy superintendent at New Mexico’s Regulation Department.
The reason is over a phenomenon called the “Krispy Kreme” effect.
“If a new restaurant comes to Santa Fe or Albuquerque or Las Cruces, it’s the new hot thing. Everybody wants to go try the new margarita, get the new tacos,” Blair said.
This may be a concern to medical marijuana users who need their medicine, but Blair said it shouldn’t be a concern.
“Provisions were put into the bill to ensure that the division, the cannabis control division, can control and ensure that every business is growing, selling, manufacturing a certain percentage of cannabis to maintain the strength and integrity of the medical cannabis industry,” Blair said.
Blair said the hype for buying recreational weed will eventually die down, but if it doesn’t the state will re-evaluate how much crop is being grown.
“Every year, every September, we will be required to give the legislature a report that provides data showing do we have enough cannabis? should we grow more, should we grow less? and how are we ensuring both the integrity of the adult cannabis industry and the medical cannabis industry,” Blair said.
Current draft rules allow growers to grow up to 8,000 plants at one time.
Daily says the department hopes to finalize that number next week.
After that, growers will be able to apply for a licensing application.
READ THE FULL STORY:Recreational cannabis may sell out on first day of sales in New Mexico
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