Hashish retailers in New Mexico have bought simply over $1 billion price of hashish merchandise for the reason that state’s adult-use legalization coverage was enacted, in keeping with information from the New Mexico Regulation and Licensing Division’s Cannabis Reporting Online Portal.
About two-thirds of the gross sales have been adult-use transactions with the remaining third going via the state’s medical hashish program. Notably, the official gross sales tracker solely covers authorized hashish gross sales for the reason that New Mexico adult-use market launched in April 2022. The state didn’t beforehand monitor medical gross sales.
“This can be a large milestone for New Mexico’s hashish business,” stated Regulation and Licensing Division Superintendent Clay Bailey in a Marijuana Moment report.
“Customers have confirmed that they assist this business and the companies which have labored onerous to place our state on the map in terms of authorized, regulated hashish gross sales.” — Bailey, through Marijuana Second
December 2023 was the state’s top-selling month with $37,470,309 in adult-use gross sales. Medical hashish gross sales in the meantime have steadily decreased since adult-use legalization took impact.
Gov. Michelle Lujan Grisham (D) signed a invoice final week to strengthen business rules by cracking down on unlicensed and out-of-state hashish merchandise and shutting a loophole that allowed some candidates to keep away from the business’s federal background examine necessities, KRQE stories.
Adults in New Mexico aged 21 or older are allowed to develop as much as six hashish vegetation at residence.
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