If you hold a medical cannabis license and face an administrative issue with your license, it is important to protect your business by taking the right actions as soon as you can.

Penalties for violations of existing laws include substantial fees, license suspension, or even cancellation of your license.

By understanding more about the law and the steps you can take to protect your license, you can sleep a little easier.

The importance of protecting your business interests and investments

Any business that holds a medical cannabis license in New Mexico needs to comply fully with state laws or risk hefty administrative penalties.

The New Mexico cannabis laws are in the process of changing this year. Businesses must stay across all of the applicable laws by taking the appropriate legal advice.

The recommended courses of action to follow

If you receive a notice of administrative violation or face any other administrative issue with your cannabis license, failing to take action could get very expensive.

The following are the two main options you have:

1. Petition for an administrative hearing
2. Petition for a settlement conference

The only other option is to accept the suggested penalty.

Are you facing administrative litigation with your cannabis license?

Businesses within the cannabis sector in New Mexico are about to go through major changes as the legalization of recreational cannabis usage becomes a reality. Many businesses will be able to expand and competition is likely to grow.

This is likely to create many legal issues with business formation and governance, financing, leasing and licensing compliance, as well as issues with exiting a business.

Informed legal advice is not far away. Call (505) 445-4444 to talk to a lawyer experienced in cannabis legislation at Legal Solutions of New Mexico in Albuquerque.