New Mexico’s adult-use cannabis sales surpassed $21 million in June and, including medical sales, the state’s licensed dispensaries sold nearly $38 million worth of cannabis products last month.
The state’s adult-use sales, which first launched in April, reached $21,201,007.71 in June, according to data from the New Mexico Regulation & Licensing Department’s (NMRLD) Cannabis Control Division (CCD).
Medical sales accounted for $16, 525,897.79 last month, bringing the state’s total cannabis sales to $37,726,905.52 in June.
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“One year ago, on June 29th, Gov. [Michelle] Lujan Grisham signed legislation that created the Cannabis Regulation Act,” CCD Acting Director Carolina Barrera said in a public statement. “As adult-use sales remain steady, this new industry is bringing new economic opportunities for entrepreneurs and communities across New Mexico.”
Dispensaries located in Albuquerque, Santa Fe, Las Cruces, Rio Rancho and Hobbs logged the highest sales numbers last month, according to the CCD’s data.
The New Mexico Taxation and Revenue Department received 124 Cannabis Excise Tax returns for the June filing period that totaled $2,518,607 in taxes that reflect May’s sales activity.
