Continue to Site »
Site will load in 15 seconds

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
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.

Recommended
Municipal Optouts Topstory14 Newmexico
New Mexico
Mjplants Excise
These 23 States, DC Collected $2.9 Billion in Cannabis Excise Tax Revenue in 2023
Brightgreen Poppy
Bright Green Corp. Submits DEA Registration For Production of Schedule I, II Controlled Substances
Nm Plants
New Mexico Regulators Revoke Licenses for 2 Cannabis Growers, Issue $1 Million Fines to Each
Related Stories
New Mexico Flag Adobe Stock Credit Lulla Resized
New Mexico’s Adult-Use Cannabis Sales Top $21 Million in June
New Mexico Sign Adobe Stock Credit Spiritofamerica Resized
New Mexico Cannabis Control Division Director Resigns
New Mexico Sign Adobe Stock Credit Spiritofamerica Resized
New Mexico’s Adult-Use Cannabis Sales Surpass $21 Million in May
New Mexico Sign Adobe Stock Credit Spiritofamerica Resized
New Mexico Tribes Sign Agreement on Adult-Use Cannabis Sales
More in New Mexico
New Mexico
Municipal Optouts Topstory14 Newmexico
These 23 States, DC Collected $2.9 Billion in Cannabis Excise Tax Revenue in 2023
While Washington levies the highest excise tax rate in the nation, its cannabis revenue didn’t represent the highest percent of its total state tax revenue.
Mjplants Excise
Bright Green Corp. Submits DEA Registration For Production of Schedule I, II Controlled Substances
The application follows the company’s approval from the New Mexico Board of Pharmacy this year.
Brightgreen Poppy
New Mexico Regulators Revoke Licenses for 2 Cannabis Growers, Issue $1 Million Fines to Each
Bliss Farm and Native American Agricultural Development Co. in Torrance County exceeded their licensed plant limits, according to state officials.
Nm Plants
Stone Road Farms Partners With Stash House for New Mexico Expansion
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.
Founded in 2016 by Lex Corwin, Stone Road Farms produces sun-grown flower on a 57-acre, off-grid biodynamic farm in Nevada City, Calif.
When and How 24 States Legalized Adult-Use Cannabis in the US: A Timeline With Current Tax Rates
Here’s the full breakdown of which states legalized through ballot measures versus legislative action and their taxation structures, including the most recent to join the list -- Ohio.
Cannalegalization Timeline taxes
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
The emerging adult-use programs are outdoing their legalization peers on a per-capita sales basis.
Nmmontmoney Adobestock 129723518
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.
Toddstevens Merged
New Mexico Cannabis Industry Calls on Regulators to Pause Licensing Amid ‘Extreme Instability’
In a letter to the governor, stakeholders say the state should pause the issuance of new licenses, commission a market study and “dedicate significant resources” to identifying and penalizing illegal operators.
New Mexico Sign Adobe Stock Credit Spiritofamerica Resized2
Adult-Use Cannabis Sales Have Generated $15 Billion in State Tax Revenue
Since Colorado and Washington launched adult-use cannabis sales in 2014, states have generated more than $15 billion in adult-use cannabis tax revenue, according to an analysis from the Marijuana Policy Project. Here's a state-by-state breakdown of tax revenue from 2022.
Top Story Fast Stats
New Mexico’s Adult-Use Cannabis Market Rakes in More Than $300 Million During First Year of Sales
The state’s dispensaries have processed more than 6 million adult-use transactions since the market launched on April 1, 2022.
New Mexico Sign Adobe Stock Credit Spiritofamerica Resized2
Page 1 of 17
Next Page