New Mexico: The Emerging Mecca for Transport and Manufacturing

New Mexico has witnessed a significant influx of major corporations like Amazon, Facebook, and FedEx, all establishing substantial operations within the state. These developments are paving the way for the cannabis industry to follow suit, with major players leveraging the same strategic advantages that attracted these corporate giants.

Amazon, Facebook, and FedEx:

Amazon opened a facility in Albuquerque New Mexico to capitalize on the state's growing importance as a logistics hub. New Mexico's geographic position, combined with improvements in transportation infrastructure and attractive tax incentives, has made it an ideal location for distribution centers.

Facebook invested heavily in a data center in Los Lunas, drawn by New Mexico's favorable business environment, abundant renewable energy resources, and supportive local policies.

FedEx As well as expanding the Albuquerque terminals, established a new distribution center in Santa Teresa, as part of its nationwide network expansion. This facility aims to boost daily package volume capacity and enhance service capabilities.

These companies chose New Mexico for several reasons:

1. Strategic Geographic Location:

   • New Mexico's proximity to major markets in the southwestern United States and Mexico makes it an ideal location for distribution centers. The state provides easy access to crucial transportation routes, facilitating the efficient movement of goods to and from major metropolitan areas and international borders.

2. Infrastructure and Transportation:

   • Significant investments have been made to improve New Mexico’s transportation infrastructure, including highways, railroads, and airports. The Santa Teresa Industrial Complex, with its advanced logistics facilities and proximity to the Union Pacific Railroad’s intermodal hub, enhances the state’s logistical capabilities. Additionally, the expansion of ports of entry and the establishment of overweight cargo zones support efficient cross-border trade.

3. Economic Incentives and Business Environment:

   • New Mexico offers various economic incentives, including tax credits, grants, and favorable regulatory policies, to attract businesses. These incentives reduce operational costs and encourage investment, creating a conducive environment for companies to establish and expand their operations.

4. Availability of Industrial Space:

   • The state boasts substantial available industrial space, particularly in the Santa Teresa border region, which has nearly 4 million square feet of industrial space. This availability allows businesses to set up large-scale operations with room for future expansion.

5. Labor Force and Job Growth:

   • New Mexico has experienced significant private-sector job growth, providing a robust labor force for new and expanding businesses. The state’s focus on job creation and workforce development ensures that companies have access to skilled and semi-skilled workers necessary for their operations.

6. Renewable Energy Resources:

   • New Mexico's abundant renewable energy resources, such as solar and wind power, attract companies looking to establish sustainable and energy-efficient operations. This is particularly appealing to tech companies like Facebook, which prioritize renewable energy for their data centers.

7. Supportive Government Policies:

   • The state's leadership has shown a strong commitment to economic development, actively working to attract and retain businesses through various initiatives and support programs. This proactive approach helps create a favorable environment for business growth.

So what does this mean for New Mexico’s Cannabis Industry?

The secrets out, its cheaper to operate in New Mexico than it is at home, and while New Mexicans have already felt the presence of MSO-sharks, the whales are starting to take notice…