In New Mexico there was $46 million worth of marijuana sold in April via licensed marijuana retail outlets, according to the New Mexico Regulation & Licensing Department
The $46,076,614 in total marijuana sales in April is just shy of the $47.7 million sold in March (a monthly record), but is 16% higher than the $39.5 million sold in April, 2022, which marked the first month of recreational marijuana sales. The $46 million sold in April includes both dried marijuana flower as well as marijuana products such as concentrates, edibles, topicals and tinctures.
Of the $46 million sold, $14,839,835 was medical marijuana sales. The remaining $31,236,778 sold was from recreational marijuana.
According to the Department, there are 988 dispensaries opened throughout New Mexico. In April they processed 982,041 different transactions.
Below are total marijuana sales numbers since April, 2022:
- Medical Sales $202,195,970.90
- Medical Transactions 3,934,365
- Adult-Use Sales $332,210,638.45
- Adult-Use Transactions 7,433,643
- Total Sales $534,406,609.35
- Total Transactions 11,368,008
In New Mexico those 21 and older are allowed to purchase and possess up to two ounces of marijuana, up to 16 grams of marijuana extract and up to 800mg of marijuana-infused edibles. The personal cultivation of up to six marijuana plants is also allowed at private residences. Marijuana is taxed roughly 5% at the point of sale. Recreational marijuana sales also have an additional 12% excise tax, with medical marijuana sales being exempt.
Legal marijuana was signed into law on April 12, 2021, with marijuana stores opening a year later.
