Every R. Greenleaf and Everest Location Stopped Reporting Sales in March. That Is 23 Dispensaries and $190 Million.

In March 2026, fifteen R. Greenleaf dispensaries across twelve New Mexico cities stopped reporting sales to the Cannabis Control Division. In the same month, eight Everest Apothecary locations did the same.

Both chains are owned by the same company.

We found this by combining every monthly sales file the CCD has published since April 2022, 52 files in total. The pattern is not gradual. Locations that had reported sales every month for years simply stop, all at once, in the same reporting period.

What the data shows

R. Greenleaf appears in the state's filings under 17 separate licensee records. Their combined lifetime sales come to roughly $126 million. Fifteen of those seventeen last reported in March or April 2026. The rest had already gone quiet in October 2025.

Everest Apothecary appears under 10 records, roughly $64 million in lifetime sales. Eight of them last reported in March 2026.

Together: about $190 million in reported sales, across 23 locations, all going silent in the same window.

The affected cities include Albuquerque, Santa Fe, Las Cruces, Las Vegas, Roswell, Clovis, Carlsbad, Hobbs, Grants, Los Lunas, Ruidoso, Farmington, Alamogordo, Belen and Sunland Park.

Why this is one story and not two

R. Greenleaf and Everest Cannabis Co. are both owned by Schwazze, a publicly traded cannabis holding company. Schwazze acquired R. Greenleaf in 2022 for more than $40 million and announced a $38 million deal for Everest the following year, giving it 33 dispensaries in New Mexico between the two banners.

In March 2024, Schwazze missed a $700,000 payment on a $127 million debt agreement, triggering a formal default with its secured lender.

Two years later, its New Mexico retail footprint stopped filing sales.

What we can and cannot say

We can say, with confidence, that these locations stopped reporting sales to the state in March 2026, because that is what the state's own files show.

We cannot say from this data alone that every location is permanently closed, that licenses were revoked, or what the company's current legal status is. A business that reports no sales in a month simply does not appear in that month's file.

But two things make a temporary pause unlikely. First, the simultaneity: twenty-three locations across fifteen cities do not pause in the same month by coincidence. Second, we checked whether anyone else is now reporting sales from those same street addresses. Out of twenty-seven addresses associated with the two chains, only two are currently occupied by an operating licensee: a Vireo location in Santa Fe and a Grande Cultivation location in Albuquerque.

The other twenty-five addresses have had no reported cannabis sales for five months.

For scale

New Mexico had 588 dispensaries reporting sales in July 2026. Losing 23 at once is roughly four percent of the state's storefronts, and these were not marginal shops. R. Greenleaf's Albuquerque flagship alone did $47 million in lifetime sales, making it one of the largest single cannabis retail locations in the state.

If you know more

We are working from public filings, not from inside the company. If you worked at one of these locations, or you are a supplier who was owed money, or you know what is actually happening with these licenses, tell us. We will update this post and we will correct it if we have any of it wrong.

Data: Cannabis Control Division monthly Market Sales by Licensee files, April 2022 through July 2026, available at [crop.rld.nm.gov](https://crop.rld.nm.gov/data-catalog.html).