New Mexico’s regulated adult-use marijuana market turned 1 12 months previous on April 1, with first-year leisure gross sales totaling practically $301 million.
Leisure hashish gross sales within the state for March reached a document month-to-month excessive of $32.4 million, in line with knowledge from the Hashish Management Division (CCD) of the New Mexico Regulation & Licensing Division.
“In only one 12 months, tons of of hundreds of thousands of {dollars} in financial exercise has been generated in communities throughout the state, the variety of companies continues to extend, and 1000’s of New Mexicans are employed by this new business,” New Mexico Gov. Michelle Lujan Grisham stated in a information launch.
The governor’s workplace stated New Mexico issued roughly 2,000 marijuana enterprise licenses in a single 12 months, “together with 633 hashish retailers, 351 producers, 415 micro producers, and 507 producers.”
The discharge additionally famous that, “as of March 2023, greater than $27 million in hashish excise taxes has gone to the state normal fund and to native communities.”
New Mexico’s roughly $32.4 million price of authorized adult-use gross sales in March coupled with $15.4 million in medical marijuana gross sales brings complete gross sales for the month to $47.8 million.
The CCD recorded 725,572 adult-use transactions in March, in contrast with 287,904 medical transactions.
As of March, the regulator reported 633 complete hashish retailers in New Mexico.
