New Mexico’s authorized marijuana retailers bought greater than $47 million of mixed adult-use and medical marijuana merchandise in September, in line with new information from the New Mexico Regulation & Licensing Division (RLD). Whereas that marks a slight decline from the state’s $48 million month-to-month gross sales document set in August, the state has now reached the benchmark of half a billion {dollars} of leisure marijuana merchandise being bought since gross sales launched in April of final 12 months.
Since then, gross sales of adult-use marijuana have been usually growing, whereas medical hashish gross sales have been trending downward.
New Mexico Regulation and Licensing Division
State officers up to date gross sales information on Monday following an inquiry from Marijuana Second about obvious discrepancies in numbers that have been posted on the company’s web site. A spokesperson for RLD mentioned in an e-mail that the state’s seed-to-sale monitoring program “reported a logic error in previous gross sales information studies so we’ve reuploaded all data from April 2022-September 2023.”
All advised, gross sales of adult-use hashish merchandise in New Mexico have now exceeded half a billion {dollars} ($501,863,156.00) because the launch of the authorized market, in line with the up to date data. Together with medical hashish gross sales since April 2022, the general whole is $772.2 million.
The common transaction in each adult-use and medical markets has been gently falling since adult-use shops opened, from highs of $50.86 for grownup consumers and $52.60 for medical sufferers at the moment to document lows this month of $41.35 and $49.47, respectively.
Staff in New Mexico’s marijuana business are additionally having fun with larger pay on common than they have been incomes at their earlier jobs, in line with a state labor report launched in June.
In Could, the state regulators added insomnia to the record of qualifying circumstances for medical marijuana.
Gov. Michelle Lujan Grisham (D) in April authorised a invoice in April to observe by means of on a key purpose of the state’s marijuana legalization regulation by facilitating computerized expungements for prior hashish convictions. She additionally vetoed laws that very same month that will have revised sentencing legal guidelines and prevented the incarceration of individuals over easy drug possession.
New Mexico was one among a number of states that’s seen record-breaking surges in marijuana gross sales this summer season.
In August, for instance, Rhode Island bought a document excessive quantity of hashish for the fourth consecutive month, notching $9.7 in month-to-month receipts.
Purchases of adult-use hashish in August additionally broke a document ($23.7 million) in Montana, state officers reported, though medical marijuana gross sales have been at their lowest ($5.0 million) since leisure markets opened early final 12 months.
Connecticut additionally broke one other marijuana gross sales document in August, with $25 million value of medical and adult-use hashish purchases, state information present.
In Maine, too, marijuana gross sales reached a document excessive in August, with almost $22 million value of purchases, in line with latest information from the state Workplace of Hashish Coverage (OCP).
In Maryland, officers not too long ago introduced that the the state broke anther marijuana gross sales document in August, with almost $92 million value of hashish merchandise bought in the course of the state’s second month of authorized adult-use gross sales.
Early final month, Massachusetts officers reported that retailers have now bought greater than $5 billion in adult-use marijuana because the state’s leisure market launched 5 years in the past. Gross sales reached $139.3 million in August alone, with the year-to-date whole at $1.05 billion inside the first eight months of 2023.
Illinois retailers bought $140 million value of leisure marijuana merchandise in July—the strongest gross sales of the 12 months and second highest month-to-month whole for the state because the adult-use market launched in 2020.
Michigan marijuana gross sales additionally reached one other document excessive in July, with almost $277 million value of hashish bought.
In Missouri, in the meantime, retailers have been promoting about $4 million value of marijuana per day on common because the state’s adult-use market opened up in February—and the state noticed a document $121.2 million in hashish purchases in June.