Recreational marijuana sales in New Mexico totaled more than $300 million in the first year of regulated adult-use cannabis sales, New Mexico Governor Michelle Lujan Grisham announced on April 3.
Lujan Grisham signed the Cannabis Regulation Act into law in April 2021, legalizing the use of marijuana for adults and creating a framework for regulated sales of adult-use cannabis. Only one year later, in April 2022, licensed sales of recreational marijuana began at regulated dispensaries in the state. Since then, New Mexico regulators have issued around 2,000 cannabis licenses across New Mexico, including 633 cannabis retailers, 351 producers, 415 micro
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