For the 10th straight month legal marijuana sales in New Mexico passed $45 million.
According to data released today by the New Mexico Regulation & Licensing Department, there was exactly $50,466,985.89 worth of legal marijuana and marijuana products sold in New Mexico in December. This is a noticeable increase over the $46.5 million sold in November, and it breaks the previous monthly record of $47.7 million sold in August of last year.
In December medical marijuana sales were $12,996,676.63. Recreational marijuana sales were $37,470,309.21.
Sales were spread out over 1,130,882 different transactions in December alone.
There are currently 1,063 active marijuana retail licenses, and 2,866 active marijuana business licenses including 399 producers, 478 micro producers, 860 manufactures, 51 couriers, 23 consumption areas, six testing labs and one research lab.
Total sales since April, 2022 now stands at over $900 million, spread out of 19 million transactions. The city with the most marijuana sales was by far Albuquerque, followed by Sante Fe, Las Cruces, and Sunland Park.
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, via legislation passed in 2021. 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.
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