{"id":3576,"date":"2023-09-14T14:05:27","date_gmt":"2023-09-14T14:05:27","guid":{"rendered":"https:\/\/straingo.com\/connect\/?p=3576"},"modified":"2023-09-14T19:40:33","modified_gmt":"2023-09-14T19:40:33","slug":"new-mexico-vs-colorado-cannabis-industry","status":"publish","type":"post","link":"https:\/\/straingo.com\/connect\/new-mexico\/santa-fe\/cannabis\/new-mexico-vs-colorado-cannabis-industry\/","title":{"rendered":"New Mexico Vs. Colorado Cannabis Industry"},"content":{"rendered":"\n
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How Would You Compare New Mexico’s Cannabis Industry as it Compares to Colorado?<\/h2>\n\n\n\n

I think certainly New Mexico’s not as mature as Colorado or a couple other states, but it’s catching up. I think it’s also the size of the market that affects how people do business<\/a><\/strong>. I mean, let’s face it, New Mexico<\/a><\/strong> has two and a half million people. Denver has more than that. So you have a lot of people going after same customer, you know what I mean? For example, I mean in Santa Fe itself, which is probably less than a hundred thousand people, there’s got to be at least 20 dispensaries, if not 25.<\/p>\n\n\n\n

Some of these are obviously owned, obviously we know Best Daze has, I think they’re going to have five by the end of the year, five stores in Santa Fe. I spoke with the owner and asked him why and he just said, Hey look, I don’t care if they’re cannibalizing each other. I want to own the market in this town. That’s what they’re doing and they have a pretty good investment portfolio, so they’re going to be all right. You also have multi-state operators coming in. Certainly Harvest is one that I can think of right off the top of my head. I think Everest might be multi-state also. That is a little different I think, than Colorado was. From what I remember about our early days in the business<\/a><\/strong> up in Colorado, there wasn’t a lot of outstate money. It wasn’t like there was California companies coming in and buying everything up. That I think is a difference.<\/p>\n\n\n\n

How Do New Mexico’s Cannabis Regulations Compare to Colorado?<\/h2>\n\n\n\n

I think one of the biggest differences is actually regulatory. New Mexico<\/a><\/strong> has a problem with the Department of Health and the resources they’re putting behind regulating this. It seems that they’ve gotten a little more, not on the ball, but proactive in terms of enforcing what the regulations are. They have found as ure wants, but there are out-state products coming into the market and it’s something as simple as one product<\/a><\/strong>, me, medicinals, to tons of Oklahoma grown weeded coming over the state line. So that’s been a problem. They’ve also discovered that there are renegade dispensaries. People could just set up a dispensary and they don’t have any license, et cetera. So they’ve closed down a couple of those. I think there was a place in Albuquerque called, I think it was Paradise, but they closed that down. So in terms of how the business is done, I think the basic retail part of it is the same, certainly because it’s not that tricky. But in terms of I think people investing in it, I’ve seen more out-of-state money here than I think I’ve seen in Colorado. <\/p>\n","protected":false},"excerpt":{"rendered":"

How Would You Compare New Mexico’s Cannabis Industry as it Compares to Colorado? I think certainly New Mexico’s not as mature as Colorado or a couple other states, but it’s catching up. I think it’s also the size of the market that affects how people do business. I mean, let’s face it, New Mexico has […]<\/p>\n","protected":false},"author":9,"featured_media":3603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[77,78],"tags":[],"class_list":["post-3576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cannabis","category-products"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/straingo.com\/connect\/wp-json\/wp\/v2\/posts\/3576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/straingo.com\/connect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/straingo.com\/connect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/straingo.com\/connect\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/straingo.com\/connect\/wp-json\/wp\/v2\/comments?post=3576"}],"version-history":[{"count":7,"href":"https:\/\/straingo.com\/connect\/wp-json\/wp\/v2\/posts\/3576\/revisions"}],"predecessor-version":[{"id":3685,"href":"https:\/\/straingo.com\/connect\/wp-json\/wp\/v2\/posts\/3576\/revisions\/3685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/straingo.com\/connect\/wp-json\/wp\/v2\/media\/3603"}],"wp:attachment":[{"href":"https:\/\/straingo.com\/connect\/wp-json\/wp\/v2\/media?parent=3576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/straingo.com\/connect\/wp-json\/wp\/v2\/categories?post=3576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/straingo.com\/connect\/wp-json\/wp\/v2\/tags?post=3576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}