New Mexico Cannabis Sales Hit New Record in July

Cannabis sales in New Mexico reached record highs in July, totaling $40.3 million in both medical and adult-use sales. Adult-use sales reached nearly $23.5 million, while medical cannabis sales topped $16.8 million, according to figures outlined by Gov. Michelle Lujan Grisham’s office.

The totals are about $1 million more than the previous record realized in April, the first month of adult-use sales in the state.  

“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. 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.” — Grisham in a statement 

The state’s population centers of Albuquerque ($14.6 million), Santa Fe ($3.5 million), Las Cruces ($3.3 million), Hobbs ($1.6 million), and Rio Rancho ($1.6 million) saw the highest July sales numbers. 

Just two cities sold more medical cannabis than adult-use cannabis in the month: Alamogordo sold $554,409 in medical cannabis and about $424,514 in adult-use cannabis, while Tularosa sold $31,603 in medical cannabis and $30,730 in adult-use products.

The city of Chama sold just $367 in medical cannabis products compared to $4,029 in adult-use products, while Peralta sold $905 in medical cannabis compared to $5,532 in adult-use cannabis products.

New Mexico had sold $21.2 million worth of adult-use cannabis in June, which was similar to sales in May.