New Mexico Cannabis Sales Hit New Record in July

New Mexico Cannabis Sales Hit New Record in July - | HempRevs

Cannabis sales in New Mexico reached record highs in July, totaling $40.3 million in both medical and adult-use sales. Adult-use sales reached nearly $23.5 million, while medical cannabis sales topped $16.8 million, according to figures outlined by Gov. Michelle Lujan Grisham’s office.

The totals are about $1 million more than the previous record realized in April, the first month of adult-use sales in the state.  

“These numbers show that the impressive sales generated in the first month of legalized recreational cannabis sales were no fluke – and this is only the beginning. We’ve established a new industry that is already generating millions of dollars in local and state revenue and will continue to generate millions more in economic activity across the state, creating thousands of jobs for New Mexicans in communities both small and large.” — Grisham in a statement 

The state’s population centers of Albuquerque ($14.6 million), Santa Fe ($3.5 million), Las Cruces ($3.3 million), Hobbs ($1.6 million), and Rio Rancho ($1.6 million) saw the highest July sales numbers. 

Just two cities sold more medical cannabis than adult-use cannabis in the month: Alamogordo sold $554,409 in medical cannabis and about $424,514 in adult-use cannabis, while Tularosa sold $31,603 in medical cannabis and $30,730 in adult-use products.

The city of Chama sold just $367 in medical cannabis products compared to $4,029 in adult-use products, while Peralta sold $905 in medical cannabis compared to $5,532 in adult-use cannabis products.

New Mexico had sold $21.2 million worth of adult-use cannabis in June, which was similar to sales in May.

Get daily cannabis business news updates. Subscribe

Have an additional perspective to share? Send us a message to let us know, and if your comment is chosen by our editors it could be featured here.

Sponsor message:

Thanks for reading our latest news article. Stay up to date on the latest hemp news, sourced and approved by HempRevs. If you have any questions or comments, please feel free to leave us a message in the comments!

Sign up for our weekly newsletter to stay up to date on the latest Industry news and follow our site for our next story!

Source Disclaimer: This article was was sourced from (the Original Publisher). In order to maintain the functionality, trust, and safety of, the content sourced from the Original Publisher may have been altered. Read the original article here:
New Mexico Cannabis Sales Hit New Record in July

Your subscription could not be saved. Please try again.
Awesome! You've Successfully Subscribed!

Join Our Newsletter

Get our latest reviews, news, and articles sent to your inbox every week!

Latest Articles

Galaxy Treats Banner Ad - 300x600

Related Content

Leave A Reply

Please enter your comment!
Please enter your name here