Recommended content

New Mexico’s adult-use cannabis sales bolstered by tourism, Texas residents

It’s been a little more than a year since New Mexico launched adult-use cannabis, with sales topping $300 million during the initial 12 months.

The state brought in a record $32 million in recreational sales during March alone and is well on its way to reaching $400 million for 2023, as projected by the 2023 MJBiz Factbook.


Large population centers – including Albuquerque, Las Cruces and Santa Fe – are driving much of those sales, according to data from the New Mexico Regulation & Licensing Department.

Stores located in Albuquerque accounted for nearly 31% of total adult-use sales between August 2022 and February 2023.

That number increases to more than 36% if sales from nearby metro communities – such as Bernalillo and Rio Ranch – are included.

Either way you slice it, the Albuquerque market is dominating marijuana sales in New Mexico.

For example, Sante Fe,

Read full article on Marijuana Business Daily

Follow us on Instagram or join us on facebook page

Be first to rate

Marijuana Business Daily

More news