According to updated data from the New Mexico Regulation and Licensing Department, the state recorded $49.2 million in marijuana sales across 1.2 million transactions in March, bringing the 2025 total to $140 million.
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The state recorded $49,283,455.96 in total marijuana sales for the month, including $37,418,519.05 from adult-use sales and $11,864,936.90 from medical marijuana. So far in 2025, sales have reached $139,297,997.96. Since launching its legal market, the state has now brought in $1,645,431,848.10 from 36,685,512 total transactions.
New Mexico legalized recreational marijuana through the Cannabis Regulation Act, signed into law by Governor Michelle Lujan Grisham on April 12, 2021. Legal sales began on April 1, 2022, allowing adults 21 and older to purchase marijuana from licensed retailers. 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.
With over $139 million in sales so far in 2025, the state has brought in over $17 million in marijuana tax revenue.
