New Mexico sales of regulated recreational and medical marijuana totaled $40.2 million in January.
Data from the state cannabis regulator shows that the monthly total includes roughly $26.5 million in adult-use sales and $13.8 million in medical marijuana sales.
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New Mexico had 585 total sales outlets as of January, according to the Cannabis Control Division of the New Mexico Regulation & Licensing Department.
January’s sales represent a month-over-month decline of 6.9% from the $43.2 million sales total reported for December 2022.
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Average sales per purchase in January totaled:
$42.62 across 620,751 adult-use transactions. $49.83 across 275,983 MMJ transactions.
New Mexico’s adult-use market debuted in April 2022 with expectations of attracting significant numbers of consumers from neighboring Texas.
Read full article on Marijuana Business Daily