New Mexico Adult-Use Cannabis Sales Eclipse $22.1 Million in First Month; Medical Hits $17.3 Million

New Mexico Adult-Use Cannabis Sales Eclipse .1 Million in First Month; Medical Hits .3 Million
Cannabtimes

<![CDATA[New Mexico state regulators are calling the first month of commercial adult-use cannabis sales a success on the heels of more than $22.1 million recorded by licensed retailers. That figure is in addition to $17.3 million in medical cannabis sales, bringing the combined total to nearly $39.5 million, according to the state’s Cannabis Control Division (CCD). CCD officials commended the first-month benchmark as an indication of a strong market and supply that have made the new industry a boon to New Mexico’s economy. “New Mexicans showed up on April 1 ready to support local businesses selling high-quality New Mexico products,” CCD Director Kristen Thomson said. “And they’re still coming. Thanks to hard work by the dedicated people working in the industry, supply easily met consumer and patient demand. New Mexicans have a lot to be proud of in the launch of this new industry, which is already adding value to the state’s diverse economy.” The state’s most populous city of more than 560,000 residents, Albuquerque recorded the highest numbers with $8 million in adult-use cannabis sales and nearly $6.9 million in medical cannabis sales, or roughly 38% of the state’s overall sales figures for April. Meanwhile, Las Cruces, with roughly 110,000 residents, recorded nearly $2.1 million in adult-use and $1.6 million in medical sales for the month. Santa Fe (87,500 residents) recorded more than $1.8 million in adult-use and $1.6 million in medical sales. In addition, communities near the Texas border also posted high sales numbers, with Hobbs ($1.3 million in adult-use and $422,000 in medical) and Sunland Park ($1.2 million in adult-use and $225,000 in medical) rounding out the top five cities by sales, according to the CCD. Overall, adult-use cannabis accounted for 56.1% of sales for April. Retail business was boosted by five Fridays and five Saturdays for…

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Source : New Mexico Adult-Use Cannabis Sales Eclipse .1 Million in First Month; Medical Hits .3 Million

reposted by Cannabis News World

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