Photo by Brian Scantlebury / Dreamstime
New Mexico is ready to start selling cannabis this Friday, but business owners predict there might be a shortage.
New Mexico is just about ready to launch legal recreational marijuana sales, but some store owners wonder if they have enough supply to meet demand.
According to KRQE News 13, Kristen Thomson from the Cannabis Control Division (CCD) says there will definitely be a quick uprise come April 1, with some store owners anticipating selling almost anything and everything.
“We anticipate that with the demand, there will be initial excitement, and we expect the stabilization within the industry relatively quickly,” Thomson told the outlet. Adding, “That is a place we’re hoping to get to rapidly.”
While some businesses will be ready to open shop this Friday, others are still facing timing challenges due to the state’s licensing regime and how long it takes for the CCD to approve all applications in a timely manner.
Rebecca Montoya from Cranium Extracts, a woman-owned cannabis business, told KRQE 13 that “Right now, we have received our cultivation license, our retail license, and we have reapplied for just the renewal of our manufacturing license. So things are very busy.”
She added that her team at Cranium Extracts ware busy expanding manufacturing and the storefront’s interior. She concluded that Cranium “will not have our retail, because it took so long to get approved by the state…We are hoping to open June 1.”
Similarly, Michael Sanchez also spoke with the outlet, explaining how his cannabis-centric Electric Café in downtown Albuquerque won’t be ready to launch operations come Friday.
Because there are still a handful of businesses that aren’t completely ready to bring their products and services to the market in time, there’s been some slightly worrying talks of product shortages when retail sales launch.
Sanchez says there will definitely “be a plant shortage, and the big producers are going to reap the benefits.”
Large-scale producers might not have to worry about product shortages, considering many have “perpetual harvests,” Montoya explains.
“I think that all of the newer producers, not very many of them have had time to even have the first harvest by the time they go through all of the permitting processes,” she expressed.
Because of the slow licensing process and the early struggles of being a new producer, it’s clear a cannabis shortage might meet New Mexico soon after launching retail sales on April 1.
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