Unlike THC, CBD is a cannabinoid that doesn’t involve giving patients a high. It may be useful in reducing pain and inflammation, controlling epileptic seizures and possibly even treating mental illness and addictions, according to NIH.
The Daily News attempted to contact Mayor Cordova seeking comment for this story but telephone calls were never returned as of press time.
The Senate bill states that licensed producers are exclusively granted the authority to produce, possess, distribute and dispense cannabis.
Ultra Health Communications Manager Marissa Novel said the Tulie cultivation site is going to be home to a few different types of cannabis products.
According to the National Institute of Health (NIH), currently there are two main cannabinoids from the marijuana plant that are of medical interest, THC and CBD.
“This is something that people should be really proud of, mainly because Southern New Mexico does have a very prime climate for growing cannabis,” Novel said. “Tularosa was the perfect candidate for this project because the climate is great, the soil is great for growing crops and there’s room for expansion. We have set up meetings with Mayor Ray Cordova to discuss this project to bring representatives up to speed on the opportunity here.”
The growth site will sit on 200 acres on Old Tularosa Farm Road. It will include indoor and outdoor medical cannabis cultivation, as well as hemp production.
“We are pleased to be able to extend care to our patients in Israel who are in acute need of this kind of medicinal cannabis care,” said Dr. Dadi Segal, Panaxia CEO. “Panaxia’s superb R&D capabilities combined with the added value of a high-quality strategic company such as Ultra Health prove themselves time and again, especially with regard to the high quality of the products and stringent regulatory compliance.”
ALBUQUERQUE, N.M., March 16, 2020 (GLOBE NEWSWIRE) — Ultra Health, New Mexico’s #1 Cannabis Company with a nationwide presence, successfully exported low-THC, high-CBD cannabis medicine to Israel last week through its strategic partnership with Israeli pharmaceutical group Panaxia. Ultra Health is the first-ever commercial United States cannabis company to export cannabis extracts to Israel.
March 16, 2020 13:58 ET | Source: Ultra Health Ultra Health
Upon the successful import of the high-CBD medicines to Israel, Ultra Health agreed to purchase another 1,000 pounds of New Mexico-produced hemp to begin expanding further production and export.
Historical export and import of low-THC, high-CBD medicine marks beginning of global trade relationship
After being successfully imported into Israel via a permit from the Israel Ministry of Health, Panaxia plans to make the high-CBD medicines available to patients suffering from epilepsy or autism spectrum disorder (ASD), many of whom are children. The first suite of products will include sublingual tablets, oral tablets, and sublingual drops, with future expansion plans to include inhalable products, ointments, and creams.
The high-CBD medicine was created from extracting New Mexico-produced hemp in Bernalillo, New Mexico after Ultra Health and Panaxia US received hemp extraction and manufacturing permits from the New Mexico Environment Department (NMED). Ultra Health is also a recipient of two continuous hemp commercial research production licenses from the New Mexico Department of Agriculture.
Scottsdale, Arizona, UNITED STATES
“We are grateful to the New Mexico Environment Department and the New Mexico Department of Agriculture, who had a key role in making all of this happen,” said Duke Rodriguez, CEO, and President of Ultra Health ® . “I look forward to the continued success of the Ultra Health and Panaxia partnership that has proven to greatly enhance both entities’ abilities to innovate the cannabis industry on a global scale.”
About Ultra Health:
Ultra Health is New Mexico’s #1 Cannabis Company and the largest vertically integrated medical cannabis provider in the United States. The provider currently operates 20 dispensary locations statewide, with another 10 stores slated to open by the second 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.
Pecos Valley Production is New Mexico’s premier medical cannabis and CBD dispensary. At Pecos Valley Production, we source our medical cannabis and CBD products from local, trusted vendors who provide the highest quality products for our patients.
We are a dedicated staff that welcomes you and proudly serves the state of New Mexico medical cannabis patients.
We offer a wide range of organically grown products from dried cannabis flowers to live resin. We also offer CBD products, cannabis accessories, and apparel.
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