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Morning Word: Griego Faces More Trouble

August 11, 2016, 7:30 am
Griego Could Lose Real Estate License
Former state senator Phil Griego is being investigated for misusing campaign funds after he resigned from the legislature in 2015. Dan Boyd at the Albuquerque Journal reports Griego could also lose his real estate license after the New Mexico Real Estate Commission filed a complaint against him for violating several rules when he brokered the sale of a state building in 2014.

PNM Earnings Decline
The state's investor-owned utility told investors its earning for the second quarter are down 26 percent
The downturn is aggravating concerns about recommendations made last week by a New Mexico Public Regulation Commission hearing examiner. The examiner said PNM’s request for a 14.4 percent rate hike this year should be cut to 6.4 percent.
The bad news didn't hurt PNM's stock, however; it closed up a penny.

Santa Fe Launches Finance Portal
The City of Santa Fe unveiled a new transparency portal that allows the public to visualize department finances and gain a better understanding of the budgeting process. Visitors still can’t review city vendor contracts and other documents online, but a little more sunshine is always good.  

Drive-Through Cannabis Plan Rejected
David Romero White, the founder of Organtica, has been planning a drive-thru lane at his new cannabis dispensary when it opens in Albuquerque this fall. His idea: reduce anxiety for patients waiting in crowded lobbies. But Oliver Utyettebrouck reports the Department of Health isn’t buying it and rejected White’s plan.

DEA Won’t Reschedule Cannabis
This morning, the federal Drug Enforcement Agency is expected to announce it has decided not to reschedule cannabis, but will allow more research facilities to study whether the plant has medicinal value.

Land Commissioner Proposes Childhood Funding Program
Heath Haussamen reports state Land Commissioner Aubrey Dunn “wants the federal government to transfer millions of unleased subsurface mineral acres beneath private land to the state, to be set aside in a new trust specifically for early childhood programs like home visiting and child-care assistance.”

Controversy Rekindled

The Albuquerque restaurant owners who removed their “Black Olives Matter” marketing campaign after being criticized on social media are now selling shirts with the slogan for $20.

Johnson Rally Delayed
Tonight’s presidential campaign rally for Gary Johnson, which had been planned at the Albuquerque Convention Center, has been pushed back to Saturday Johnson’s staff said they wanted to make sure more people could attend on the weekend. The time and place for Saturday’s event will be announced later.


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