There was over $46 million worth of marijuana and marijuana products sold legally in the first month of the year in New Mexico.
In total licensed marijuana retail outlets sold $46,268,189 in legal marijuana, marking the 11th straight month where sales are over $45 million. This is according to data released today by the New Mexico Regulation & Licensing Department.
Of the $46 million in sales, $34,420,131 was purchased by recreational consumers, while $11,848,057 was purchased by medical marijuana patients.
Sales were spread out over 1,081,641 different transactions.
There are currently 1,050 active marijuana retail licenses, and 2,843 active marijuana business licenses including 402 producers, 460 micro producers, 850 manufactures, 51 couriers, 23 consumption areas, six testing labs and one research lab.
Total sales since April, 2022 now stands at $962,127,754, spread out of 20 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.
More articles from The Marijuana Herald can be found below.
