New Mexico marijuana sales top $51.1 Million in August | How to buy Skittles Moonrock online

The recreational cannabis market in New Mexico, which has been around for two years, may already have reached its peak with the $51.1 million total sales reported in August. Statistically, The state Regulation and Licensing Department.

New Mexico’s 1 006 dispensaries raked in $38.9 millions from recreational sales of 991,891 and another $12.1 from medical sales of 252,885 for a total $51.1 million with 1.2 million transactions.

This is a significant increase compared to the summer months. However, it is not a significant rise compared to the launch of the recreational market in April 2022. It’s also down from March, when combined recreational and medicinal sales reached $52.5 millions.

In April, sales totaled $51.1 million. In May, it was $51.2 millions. In June, it was $48 million. And in July, just over $50 million.

While there have been a number of a Slow downtick In the past few months this trend has essentially stopped, with sales in both categories staying fairly stable.

Media reports on the sales trend are also noteworthy. Market saturation You can also find out more about the following: Dispensaries closings In the Land of Enchantment it is likely that the state in the southwest has already reached its full potential.

John Schroyer

John Schroyer is a journalist who has been working since 2006. He initially focused on politics and covered the 2012 Colorado campaign for marijuana legalization. He began writing about the cannabis industry in 2014 after attending the first legal cannabis sales that took place on New Year’s Day of that year, in Denver. John has covered the subsequent marijuana market launches that took place in California and Illinois. He has written about all aspects of the marijuana trade and was part the team who built the cannabis industry’s first ever trade show, MJBizCon. He joined Green Market Report as of 2022.