cannabis and money

Cannabis Sales In New Mexico Topped $5.2 Million In First Weekend

The Cannabis Control Division of the Regulation and Licensing Department stated Monday that cannabis sales in New Mexico totalled $5.2 million during the first weekend of adult-use sales. Friday’s adult-use sales were roughly twice as high as Colorado’s first day of adult-use sales.

“New Mexico’s launch of recreational cannabis has been one of the most successful, if not the most, of any state,” […] “Not to mention that we beat Colorado’s numbers for first-day sales. New Mexicans demonstrated the strength of the demand for this exciting new industry, and it is clear that adult-use cannabis is going to be a contributor to our diverse state economy.” said Gov. Michelle Lujan Grisham.

With medicinal and adult-use transactions combined, cannabis shops made $5,219,575.73 in sales between midnight on Friday, April 1, and 11:59 p.m. on Sunday, April 3. Adult-use cannabis sales totaled $3,522,811.27, while medicinal cannabis sales totaled $1,696,764.46. The money came from 87,773 separate transactions from all throughout the state.

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