New Mexico’s licensed marijuana retailers sold over $47 million in adult-use marijuana and medical marijuana combined during September, according to the New Mexico Regulation & Licensing Department. The state’s monthly sales record of $48 million set in August has been slightly lowered. However, it is still a significant drop from the half-billion dollar mark for recreational marijuana purchases since April last year.
Since then, the sales of marijuana for adult use have generally increased, while sales of medical cannabis have trended downward.
New Mexico Regulation and Licensing Department
After Marijuana Moment contacted the state about apparent discrepancies with numbers posted on their website, officials updated data on Monday. In an email, a spokesperson for RLD stated that the state’s seed-to sale tracking program “reported a logical error in past data reports. We’ve reuploaded information from April 2020-September 2023.”
According to updated data, the total sales of adult-use marijuana products in New Mexico now exceed half a million dollars ($501.863.156.00). The total includes medical cannabis sales from April 2022.
Since the opening of adult-use stores, the average transaction for both medical and adult markets has fallen, with adult market transactions dropping from $50.86 per adult buyer and $52.60 per medical patient to new lows of $41.35 for adults and $49.47 for medical patients, respectively.
According to a report by the state released in June, workers in New Mexico’s marijuana industry earn more on average than at their previous jobs.
The state regulatory added insomnia as a qualifying condition for medical marijuana in May.
Gov. Michelle Lujan Grisham, a Democrat from New Mexico, approved a bill to implement a key part of the state’s legalization of marijuana by allowing automatic expungements for previous cannabis convictions. In the same month, she vetoed a bill that would have changed sentencing laws to prevent people from being incarcerated for simple drug possession .
This summer, marijuana sales in New Mexico reached record levels.
In August, Rhode Island achieved a monthly revenue of $9.7, a new record for the state.
State officials in Montana reported that purchases of adult use cannabis also reached a new record in August ($23.7million), despite the fact that medical marijuana sales (at $5 million) were at a low since the opening of recreational markets in early 2017.
Data from the state show that in August , Connecticut broke yet another record for marijuana sales, this time with 25 million dollars worth of purchases made by adults and medical users.
According to data released by the Office of Cannabis Policy in Maine, marijuana purchases reached a new high of nearly $22,000,000 during August.
Maryland officials announced recently that the state had broken another marijuana sales record for August. Nearly $92 million in cannabis products were sold during Maryland’s second legal month of adult-use sales.
Massachusetts officials announced in early August that since the launch of the adult-use market in Massachusetts five years ago, retailers had sold over $5 billion worth of marijuana. The sales reached $139.3 in August, and the total year-to date is $1.05 billion by the end of the first eight months.
Illinois retailers sold 140 million dollars worth of recreational marijuana products during July, the highest sales total of the year. This is the second highest monthly amount for Illinois since the adult-use market was launched in 2020.
Michigan marijuana sales also reached another record in July with nearly $277 millions worth of cannabis being sold.
Since the adult-use marijuana market was opened in Missouri in February, the state has seen an average of $4 million worth per day in sales. The state also saw a record amount of $121.2 million spent on cannabis in June.
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The post New Mexico adult-use marijuana sales cross half-billion-dollar mark as latest monthly sales narrowly miss record appeared on Marijuana moment.
