{"id":383356,"date":"2020-11-17T14:37:52","date_gmt":"2020-11-17T19:37:52","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383356"},"modified":"2020-11-17T14:37:52","modified_gmt":"2020-11-17T19:37:52","slug":"ultra-health-new-mexico-medical-cannabis-enrollment-surpasses-100000-patients-statewide","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ultra-health-new-mexico-medical-cannabis-enrollment-surpasses-100000-patients-statewide\/","title":{"rendered":"Ultra Health: New Mexico Medical Cannabis Enrollment Surpasses 100,000 Patients Statewide"},"content":{"rendered":"

\nDespite record milestone, cultivation limits prevent adequate supply and increase costs of medicine for patients
\n<\/h2>\n
\n

ALBUQUERQUE, N.M., Nov. 17, 2020 (GLOBE NEWSWIRE) — Patient enrollment in New Mexico\u2019s Medical Cannabis Program reached 100,021 patients<\/u><\/a> as of October 31, 2020, according to data released by the New Mexico Department of Health (NMDOH). This represents an increase of 21,659 patients or 28% over October 2019 enrollment<\/u><\/a>. Patients choose Ultra Health as their preferred cannabis provider 5 to 1. The operator has 21 locations statewide.<\/p>\n

New Mexico currently has a patient penetration rate of 6% of all adults<\/u><\/a>. Enrollment in the program has substantial room to grow, as neighboring Oklahoma has a patient penetration rate of 12% of adults<\/u><\/a> statewide.<\/p>\n

Despite reaching a record milestone, New Mexico\u2019s medical cannabis industry continues to struggle to produce adequate supply to meet demand and lower the price of medicine due to arbitrary plant caps not found in the statute.<\/p>\n

On November 1, 2018, then District Court Judge David K. Thomson ruled<\/u><\/a> the previous NMDOH cap was arbitrary, capricious, and frustrated the purpose of the Lynn and Erin Compassionate Use Act. At the time, there were just 14,700 plants<\/u><\/a> licensed for 62,889 patients<\/u><\/a> equating to a ratio of less than \u00bd plant per patient.<\/p>\n

As of October 31, 2020, the 34 producers licensed 51,950 plants in total, equating to only \u00bd plant per patient. In comparison, neighboring Colorado licenses a full 9 plants per enrolled medical cardholder. The medical cannabis programs in Nevada, Arizona, and Oklahoma do not mandate any plant production limitations.<\/p>\n

\u201cAfter all the effort to achieve adequate supply and Judge Thomson\u2019s order, there has been practically zero increase in available medicine per patient,\u201d said Duke Rodriguez, CEO and President of Ultra Health\u00ae. \u201cThe program\u2019s growth and patient demand have quickly outpaced the arbitrary increase to 1,750 plants. NMDOH now has a duty to increase plants to achieve the purpose of the Act and overall patient wellbeing.\u201d<\/p>\n

Furthermore, Judge Thomson wrote in the 60-page plant count ruling<\/u><\/a>, \u201cDOH has a duty\/obligation to ensure patients enrolled in the Medical Cannabis Program can access an adequate supply of medical cannabis in New Mexico.\u201d<\/p>\n

\n REGIONAL ANALYSIS <\/strong>\n <\/p>\n

New Mexico is the only state in its region that enforces a burdensome plant count limit on cannabis producers. Neighboring Arizona, Oklahoma, as well as Nevada do not mandate any caps on cannabis cultivation.<\/p>\n

Colorado essentially has no plant count limit because producers utilize far less than the total plants recommended. Colorado\u2019s medical program currently allows a maximum of 771,949<\/u><\/a> plants to serve 84,438 patients.<\/u><\/a> At a minimum, Colorado approves up to 6 plants per patient and can approve up to a maximum of 99 plants per patient with a physician recommendation. Per the most recent data, an average of 326,288 plants<\/u><\/a> is cultivated for medical use monthly.<\/p>\n

Under Colorado standards, no less than 600,000 plants would be recommended to serve New Mexico\u2019s 100,021 patients statewide. This would require New Mexico medical cannabis operators to increase their production by 11 times to meet Colorado\u2019s standard of care. These numbers would need to be increased further if the adult-use of cannabis were approved in New Mexico.<\/p>\n

Insufficient cultivation limits have not only impacted access to medicine, but also the price of medical cannabis in New Mexico. The average price per gram as of June 30, 2020, was $9.89<\/u><\/a> while neighboring Colorado reports the average price per gram of medical cannabis is $2.86<\/u><\/a>. The price of medicine in New Mexico has remained relatively the same over the last several years while other programs have seen steady declines in the cost of medicine.<\/p>\n

The high price of medicine is especially concerning, as 26% of patients in the New Mexico\u2019s program report<\/u><\/a> they earn less than $20,000 annually, according to an NMDOH-commissioned survey<\/u><\/a> by Research & Polling Inc. Medical cannabis patients are required to pay for their medicine out of pocket, therefore creating an excessive burden for patients to access medicine at prices they can afford.<\/p>\n

Increasing the plant count limit or removing arbitrary limits entirely would stimulate lower prices for medicine, improved product availability, and increased product variety for varying patient needs.<\/p>\n

Even Utah\u2019s fledgling medical program has more flexible cultivation limits than New Mexico. Utah allows for 100,000 square feet per indoor cultivation licensee and nearly 175,000 square feet per licensee for outdoor cultivation to serve just 10,000 patients statewide.<\/p>\n

Earlier this month, lawmakers in Texas pre-filed<\/u><\/a> 13 cannabis-related bills for the state\u2019s 2021 Legislative session. Among the measures is a bill that would put legalization of cannabis for adult-use on the ballot, expand access to high-THC cannabis medicine, and allow physicians to certify cannabis to treat any condition they see fit.<\/p>\n

If the measures pass, Texas would join all neighboring states in having a more broad and patient-centric approach to cannabis than New Mexico.<\/p>\n

\n LEGALIZATION OUTLOOK <\/strong>\n <\/p>\n

As legislators contemplate<\/u><\/a> the legalization of cannabis for adult use in the 2021 Legislative session,\u00a0New Mexico\u2019s medical program will need to quickly allow for more plants to be cultivated statewide to absorb patient demand and future demand from adult-use purchasers.<\/p>\n

At a minimum, legalization needs to lift arbitrary caps on production, permit current producers to produce more plants several months before adult-use sales commence, allow patients and adults to purchase cannabis in amounts that fit their needs, and expand licensing to allow new entrants, including microbusinesses, to enter New Mexico\u2019s cannabis market.<\/p>\n

All of these initiatives will protect the medical program from running out of medicine, authorize cannabis purchasers to move into the regulated market, and bestow more opportunities for New Mexicans to engage in a new industry estimated to be valued at $800 million<\/u><\/a>.<\/p>\n

Today, 15 states and Washington D.C. have legalized cannabis for adult-use. Arizona voters approved<\/u><\/a> a legalization measure earlier this month, along with New Jersey, South Dakota, and Montana. Legalization in Arizona could be live as soon as March 2021<\/u><\/a>.<\/p>\n

A total of 36 states have legalized cannabis for medical use, including South Dakota and Mississippi which legalized medical use via ballot measure earlier this month.<\/p>\n

New Mexico\u2019s Medical Cannabis Program reported enrollment does not include newly enrolled reciprocal participants. At least 5,300 reciprocal participants have enrolled in New Mexico\u2019s Medical Cannabis Program since July, according to the data issued by NMDOH.<\/p>\n

New Mexico\u2019s total patient participation including reciprocity is at 105,021 active participants. The program is expected to support more than 110,000 patients and reciprocal participants by the end of the year.<\/p>\n

Ultra Health is New Mexico\u2019s #1 Cannabis Company and the largest vertically integrated medical cannabis provider in the United States. The provider currently operates 21 dispensary locations statewide, with another 10 stores slated to open by the fourth quarter of 2020. Ultra Health provides unparalleled medical cannabis care by producing accurately dosed, smokeless cannabis products such as sublingual tablets, oils, pastilles, suppositories and more through its partnership with Israeli pharmaceutical group Panaxia. Ultra Health has been at the forefront of patient-rights issues and continues to fight for adequate supply and rural access in the New Mexico medical cannabis market.<\/p>\n

\n Contact:
<\/strong>Marissa Novel\u00a0 480-404-6699
marissa@ultrahealth.com<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Despite record milestone, cultivation limits prevent adequate supply and increase costs of medicine for patients ALBUQUERQUE, N.M., Nov. 17, 2020 (GLOBE NEWSWIRE) — Patient enrollment in New Mexico\u2019s Medical Cannabis Program reached 100,021 patients as of October 31, 2020, according to data released by the New Mexico Department of Health (NMDOH). This represents an increase of 21,659 patients or 28% over October 2019 enrollment. Patients choose Ultra Health as their preferred cannabis provider 5 to 1. The operator has 21 locations statewide. New Mexico currently has a patient penetration rate of 6% of all adults. Enrollment in the program has substantial room to grow, as neighboring Oklahoma has a patient penetration rate of 12% of adults statewide. Despite reaching a … <\/p>\n

Continue reading “Ultra Health: New Mexico Medical Cannabis Enrollment Surpasses 100,000 Patients Statewide”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383356","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nUltra Health: New Mexico Medical Cannabis Enrollment Surpasses 100,000 Patients Statewide - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ultra-health-new-mexico-medical-cannabis-enrollment-surpasses-100000-patients-statewide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ultra Health: New Mexico Medical Cannabis Enrollment Surpasses 100,000 Patients Statewide - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Despite record milestone, cultivation limits prevent adequate supply and increase costs of medicine for patients ALBUQUERQUE, N.M., Nov. 17, 2020 (GLOBE NEWSWIRE) — Patient enrollment in New Mexico\u2019s Medical Cannabis Program reached 100,021 patients as of October 31, 2020, according to data released by the New Mexico Department of Health (NMDOH). 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