New Mexico's Cannabis Sales Continue To Soar In 2023

Marijuana sales continue to skyrocket in New Mexico in 2023, according to the Albuquerque Journal.

Following strong December sales of more than $28 million, January cannabis figures were slightly lower with a total of $26 million in recreational cannabis purchased statewide, according to the Cannabis Control Division (CCD), which reported January sales. 

The top-selling cities are Albuquerque, Santa Fe and Las Cruces, with $78 million and slightly over $18 million, respectively for the ten months.

Medical marijuana sales for the first month of 2023 totaled $13.75 million. Combined medical and recreational marijuana sales reached $40.2 million.

In April 2021, New Mexico became the latest state to legalize adult-use cannabis after Gov. Michelle Lujan Grisham signed the Cannabis Regulation Act. A year later, the Land of Enchantment kicked off recreational weed sales. In the first weekend, New Mexicans spent $3.5 million on cannabis. "The new industry is projected to generate $300 million annually in sales, create 11,000 jobs and bring in $50 million in state revenue in the first year alone," according to the CCD.

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