Licensed marijuana retailers in New Mexico generated over $48 million in sales in April, according to new data released by the state’s Regulation and Licensing Department.
The $48,600,064 in marijuana and marijuana products sold in April brings the state’s 2025 total for the first four months of the year to around $190 million. There was a total of 1,166,314 cannabis transactions in April, and over 3.6 million so far in 2025.
All-time cannabis sales in New Mexico is now $1,694,031,912 spread across 37,851,826 transactions. $1,197,514,538 was adult-use sales, with medical sales making up $496,517,397 of the total.
New Mexico legalized recreational marijuana through the Cannabis Regulation Act, signed into law by Governor Michelle Lujan Grisham on April 12, 2021. Licensed cannabis stores officially opened their doors the following April.
The 2021 law allows those 21 and older to purchase and possess cannabis and cannabis products such as concentrates and edibles. Home cultivation is also allowed, with up to six mature plants per adult and 12 per household.
The state taxes recreational marijuana sales at a 12% excise rate, which will rise by 1% annually starting in mid-2025 until it reaches 18% in 2030. Local gross receipts taxes also apply. Medical marijuana sales remain tax-exempt.
