Legal marijuana sales in New Mexico set a new monthly record as 2023 came to a close, with adult-use purchases in December climbing to more than $37 million and sales of medical marijuana reaching their highest point since August.
All told during 2023—the state’s first full year of legal sales—retailers sold more than half a billion dollars in cannabis products.
According to sales figures released on Tuesday through the state Regulation and Licensing Department’s (RLD) Cannabis Reporting Online Portal, or CROP, adult-use retailers in December sold about $37.5 million, while medical dispensaries sold just barely under $13 million—for a total of $50.5 million
Since adult-use marijuana stores opened their doors in April 2022, the market has seen $608.4 million in total purchases, with medical sales accounting for about $307.5 million.
Bigger purchases than in past months drove December’s sales boost, with the average medical transaction coming in at just under $52 and the average adult-use sale at about $42.50. The average transaction price in both markets has risen slightly in the past two months after the figure in both markets hit their lowest-ever points in October.
It’s not clear from the publicly available sales data whether the higher averages are due
Read full article on Marijuana Moment
