Seven Point Farms Closes Amidst Market Saturation and Declining Sales

Seven Point Farms, a staple of New Mexico's cannabis industry, has announced its closure, marking the latest in a series of shutdowns, including Minerva Cannabis and Sacred Garden. Known for its sun-grown, soil-nurtured cannabis, Seven Point Farms embraced sustainable cultivation methods, producing high-quality products while using natural light and nutrient-rich soils.

For years, Seven Point Farms stood as a quiet rebellion against the sterile, artificial light factories that dominate cannabis production today. Their growhouses were designed to harness the unforgiving sun of New Mexico — not a copy of nature but a devotion to it. They prided themselves on letting their plants drink in the sky’s raw power, all while being rooted in nutrient-rich soils that echoed the principles of organic farming. The result was cannabis that was nurtured in a way that honored both the plant and the consumer.

In 2022, Seven Point Farms reported strong earnings with $2.9M in total sales, but by 2023, that number had fallen to $2.1M, and in early 2024, sales dropped further to $631k. The decline mirrors the oversaturation of the New Mexico market, where dispensary numbers soared from a peak of 262 in 2022 to 566 in 2023, and at 693 locations in 2024.

There’s a distinct sadness in seeing those store-level sales figures: Cedar Crest, Socorro, and Albuquerque’s Monte Vista location, each clinging to life like a beloved dive bar you once frequented but rarely visited anymore. In each of these places, Seven Point Farms attempted to make its stand — but the market had shifted.

Despite their commitment to quality, Seven Point Farms couldn’t keep pace with an increasingly crowded marketplace driven by rapid expansion and competition. Their closure highlights the growing challenge for small, craft cannabis operators in a market focused more on scale than on sustainability.