Governor-elect Susana Martinez has chosen to invest $300 million of the state’s general fund into a new facility for cannabis cultivation. The new facility, to be located in the newly created Industrial Hemp and Medical Marijuana Research Park in Bernalillo County, was originally estimated to cost $75 million. It’s a sunk cost, but it’s a strong signal from the incoming governor that she’s committed to cannabis industry growth.
New Mexico is set to become the first state in the country to open a cannabis production plant, a move that will likely prove controversial. The $300 million facility in Albuquerque will be 12.5 miles from the Mexican border, putting it within easy reach of the world’s most widely used illegal drug. Water from the Rio Grande, which runs through the state, is polluted and contains pathogens like E. coli and salmonella. The plant will use water from the New Mexico Environment Department to make the cannabis and will meet all environmental and safety regulations.
Louis O’Neil 27. May 2 min read
New Mexico’s booming cannabis industry is about to get a major upgrade in the form of a $300 million facility.
New Mexico Governor Michelle Lujan Grisham has announced that the state will build one of the largest cannabis facilities in the United States thanks to Bright Green Corp. The proposed cannabis facility, worth nearly $300 million, could create about 400 jobs in construction, research and agriculture. I could not be more excited about the development of another world-class research center here in New Mexico, Governor Lujan Grisham said of the future facility. New Mexico legalized recreational cannabis use in April 2021 and sales are scheduled to begin in April 2022. However, the Bright Green cannabis company will specialize in the production of medical cannabis for research purposes. As a state, New Mexico has a legacy of leadership in research and science. Bright Green is an interesting partner and I am glad I decided to make a difference in our state. We have the talent, manpower and innovation to make this new industry a complete success. Investments like this make me even more optimistic, Grisham said. The facility is being built in Grants, New Mexico by Bright Green Corporation and has already been approved by the Drug Enforcement Agency (DEA). Governor Lujan Grisham, the New Mexico federal delegation, and the local and tribal communities of Sibola County have worked with us from the beginning to create an environment conducive to innovation and research, and we are very pleased to finally share the news of this investment with the rest of New Mexico, said Terry Rafih, President of Bright Green. The move is designed to speed up cannabis research in the United States and follows a recent decision by the DEA to allow more cannabis cultivation for research purposes. The DEA has been under fire for years for obstructing cannabis research, which has significantly delayed a better understanding of the plant. It seems that the floodgates of cannabis research are just beginning to open.