July was a record month for cannabis sales in New Mexico, as the state had its highest monthly sales total since the state legalized recreational adult-use cannabis in April.
Licensed retailers statewide reported cannabis sales of more than $40 million in July, with the month’s adult-use cannabis sales alone topping $23 million.
Cannabis sales totaled more than $39 million in April and served as the previous record high, per state officials, with adult-use sales totaling just over $22 million in that month.
“These numbers show that the impressive sales generated in the first month of legalized recreational cannabis sales were no fluke — and this is only the beginning,” Gov. Michelle Lujan Grisham said. “We’ve established a new industry that is already generating millions of dollars in local and state revenue and will continue to generate millions more in economic activity across the state, creating thousands of jobs for New Mexicans in communities both small and large.”
New Mexico population centers that include Albuquerque, Santa Fe, Las Cruces, Hobbs and Rio Rancho recorded the highest July sales numbers, according to Cannabis Control Division of the Regulation and Licensing Department statistics.
The Cannabis Control Division releases sales numbers on a monthly basis, with data available at the beginning of each month for the month prior.