ALBUQUERQUE, N.M. — Duke Rodriguez, principal of Ultra Health LLC, first became involved in the medical cannabis industry around 2013 in Arizona.
He purchased the 11-acre marijuana-growing facility in Bernalillo in August 2014 on behalf of an Arizona corporation called Zoned Properties Inc., a real estate company that specializes in marijuana-growing facilities and dispensaries.
Zoned Properties paid $2.75 million for the 11.3-acre property, according to disclosures filed by the public company. Rodriguez owned a 13 percent stake in the company at the time.
At the time he bought the Bernalillo property, Rodriguez had no management agreements with a New Mexico licensed nonprofit producer, or LNPP. Under state law, a nonprofit must be licensed by the Department of Health to produce cannabis.