Friday, July 12, 2024
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Home » Why the Number of Dispensaries is Concerning the Cannabis Industry

Why the Number of Dispensaries is Concerning the Cannabis Industry

by Blake Brooks
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In the most recent report from the state, New Mexico’s cannabis industry raked in more than $30 million every month from March to September. Those working throughout the industry, all the way from the greenhouses to the dispensaries, However, experts KOAT spoke with say it’s not the money they are worried about. It’s the businesses not making enough for themselves.

“Looking at the data, the number of licenses that have been issued in the state of New Mexico, it’s of extreme concern to us,” said Jessie Hunt, who is a spokesperson with R. Greenleaf and Everest dispensaries.

Hunt said this because the state has granted over 1,000 licenses since voters legalized marijuana for recreational use. Although the Cannabis Control Division is reporting millions from recreational and medicinal sales, most of New Mexico’s biggest cities have dispensaries reporting more cannabis in stock than they can sell.

“I do feel the pressure of our clients and feel for them,” Priscotty Cannabis Delivery CEO Scott Prisco said.

Erica Rowland is a grower who said, “The struggle is real in a lot of peoples’ faces and it’s just happening fact.”

Both work closely with dispensaries in Albuquerque, and both say the state has granted too many licenses. And the price of pot is falling. For Rowland, she says cannabis prices in New Mexico are among the in the country, which affects her work as a grower.

“Good job, New Mexico. We went straight to the bottom and that, as a grower, is extremely discouraging,” Rowland said.

Source: KOAT

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