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New Mexico’s Total Cannabis Sales Set New Record in August

The state’s total medical and adult-use cannabis sales surpassed $40 million last month.

New Mexico Sign Adobe Stock Credit Spiritofamerica Resized

spiritofamerica | Adobe Stock

Melissa Schiller

September 8, 2022

The New Mexico Cannabis Control Division of the Regulation and Licensing Department announced Sept. 7 that the state’s total cannabis sales set a new record in August, with total medical and adult-use sales surpassing $40 million.

Medical cannabis sales totaled $16,459,951.69 last month and adult-use sales totaled $24,219,338.50, for a grand total of $40,679,290.19.

RELATED: New Mexico Total Cannabis Sales Top $40 Million in July

Albuquerque, Santa Fe, Las Cruces, Hobbes and Rio Rancho reported the highest sales numbers, with Albuquerque racking up $14,628,736.33 in total sales.

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21 States With the Highest, Lowest Cannabis Sales Per Dispensary

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With only seven dispensaries, Rhode Island tops the list with nearly $17 million in annual sales revenue per store. But that will soon change.

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New Mexico

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These 23 States, DC Collected $2.9 Billion in Cannabis Excise Tax Revenue in 2023

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Executives from both businesses say a strong partnership was essential to bringing Stone Road’s California-based brand to New Mexico’s rapidly growing market.

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New Mexico Regulators Work to Bring Cannabis Businesses Into Tax Compliance

The New Mexico Taxation and Revenue Department began contacting dispensary licensees over the summer to notify them that they had failed to file one or more tax returns since registering with the department.

New Mexico Sign Adobe Stock Credit Spiritofamerica Resized2

New Mexico, Montana Continue Breaking Cannabis Sales Records; Among Best Performing Markets in Nation

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New Mexico Brings in Colorado Industry Expert As Director of Cannabis Program

Todd Stevens, of Colorado-based Native Roots, is now the top cannabis regulator in the Land of Enchantment.

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