New Mexico regulators revoked an Albuquerque adult-use cannabis retailer’s license for unlawfully selling products produced in California.
Regulators accused Paradise Exotics Distro of selling cannabis products clearly marked with a California stamp of origin.
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The store is the first in the state to lose its license, according to a news release from the New Mexico Regulation and Licensing Department.
“This revocation should serve as a warning to those selling or receiving out-of-state cannabis products,” Linda Trujillo, the Cannabis Control Division’s regulation and licensing superintendent, said in a statement.
“Our compliance officers are ramping up inspections and we will work to remove bad actors from within the New Mexico cannabis industry.”
Adult-use sales began in the state April 1, 2022.
The state recorded more than $300 million in sales in the first year.
But in a scene familiar to markets across the country, legal cannabis businesses say
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