For the first time in the New Mexico history, there is now over 1,000 marijuana stores and dispensaries open throughout the state.
According to data released by the New Mexico Regulation & Licensing Department, there are now 1,006 marijuana retail outlets and medical dispensaries operating legal within the state. These outlets took part in 1,013,476 different transactions in May alone.
According to a report released earlier this month by the New Mexico Department of Workforce Solutions, despite marijuana only being legal since 2021 the marijuana industry already employs more than 4,600 workers, with 88% of those workers employed at a marijuana store or dispensary.
There was $47.7 million in total marijuana sales in May, more than the $46.07 million sold in April and identical to the $47.7 million sold in March. Of the $47.7 million sold, $15,399,985.91 came from medical marijuana sales, with the remaining $32,359,270.41 being from the distribution of recreational marijuana.
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. 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.
