3/17/23

New Mexico cannabis sales blazing to new highs


New Mexico 606 dispensaries have sold some $440 million worth of cannabis since April, 2022 when sales began for all adults and the state is lauding boosts to the economy, burgeoning revenues, erasing the inequities left by the war on drugs and balancing the state's water crisis with growers.

In February, combined therapeutic and "recreational" sales topped $41.6 million where therapeutic purchases were nearly $14 million through 262,000 transactions and other sales were almost $28 million through 626,000 transactions. Total transactions are smoking to almost 10 million. 

The Cannabis Regulation Act was signed by Governor Lujan Grisham and became effective June 29, 2021.

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