Grownup-use hashish gross sales in New Mexico reached $21.1 million in Could, about $1 million lower than the first month of gross sales, in accordance with Hashish Management Division (CCD) knowledge outlined by KRQE. Albuquerque led the state with $7.3 million in gross sales.
In an announcement, CCD Director Kristen Thomson mentioned the “gross sales figures depict a gentle tempo” regulators anticipated when the state handed the reforms.
“Our employees continues to work diligently to make sure candidates transfer by our licensing course of effectively, and guarantee licensees function inside a protected, accessible, and efficient regulated market.” – Thomson, in an announcement, by way of KRQE
In all, mixed adult-use and medical hashish gross sales in New Mexico reached greater than $38.5 million final month, with retail gross sales outpacing medical hashish gross sales by about 9.5%. It’s unclear how a lot tax income the state will see from Could’s gross sales however in April, the business generated greater than $2.4 million from hashish excise taxes and $4.1 million general, in accordance with a Santa Fe New Mexican report. Medical hashish gross sales are exempt from the state’s excise tax.
A Legislative Finance Committee report in March 2021 predicted retail hashish gross sales within the business’s full fiscal 12 months, beginning in July 2022 would produce $19.1 million in tax income for the state’s normal fund and $9.4 million for native governments; nonetheless, the business launched three months forward of schedule.
Get day by day hashish enterprise information updates. Subscribe