NM reports new record of cannabis sales in July

Category: News
Published: 2022-08-08
NM reports new record of cannabis sales in July

NEW MEXICO – During the month of July, the state of New Mexico reported record total monthly cannabis sales during July in excess of $40 million, of which $4,931,224.26 came from areas bordering Mexico.

Governor Michelle Lujan Grisham and the Department of Regulation and Licensing’s Cannabis Control Division announced that July cannabis sales set a new record, surpassing all previous months, including April, the first month recreational cannabis was licensed in the state.

In July, licensed retailers statewide reported $40,305,131.90 in cannabis sales. Sales of this adult-use product alone in July exceeded $23 million 491 thousand 184.55, while the remainder were for medical sales.

Cannabis sales totaled more than $39 million in April, the first month of legalized recreational sales and the previous record, with recreational sales in April totaling just over $22 million.

The state’s population centers with the highest number of sales in July were Albuquerque, Santa Fe, Las Cruces, Hobbs and Rio Rancho.

“These numbers show that the impressive sales generated in the first month of legalized recreational cannabis sales were no fluke – and this is just the beginning,” said Gov. Lujan Grisham.

The city of Las Cruces alone recorded $3,300,873.47 in total July sales, $1,502,159. was from medical marijuana sales, while $1,798,714.17 was from recreational cannabis.

Sunland Park recorded a total of $1,383,372.63 in monthly sales, of which $1,200,870 was cannabis for recreational use and $182,502 for medical use. Meanwhile, Deming reported $246,978.16 dollars in total sales during July, $153,614 dollars were for adult-use marijuana and $93,363 dollars for medical product.

“We have 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 throughout the state, creating thousands of jobs for New Mexicans in communities both small and large,” said Lujan Grisham.

The city of Albuquerque reported the highest monthly total sales with more than $14.5 million.