ERVA NEWS – Know more, Feel better
  • Business & Industry
    • Market Analysis & Trends
    • Investment opportunities
    • Company Profiles & Statistics
    • Mergers & Acquisitions
    • Marketing Strategies & Supply Chain Insights
  • Health & Wellness
    • Medical Research & CBD Benefits
    • Treatment Options & Dosage Guidelines
    • Mental Health Applications & Patient Testimonials
    • Wellness Routines, Athletic Recovery & Sleep Improvement
  • Science & Technology
    • Cannabinoid & Terpene Research
    • Cultivation Techniques & Genetic Studies
    • Extraction Methods & Bioavailability
    • Lab Testing & Cultivation Science
  • Legal & Policy
    • State, Federal & International Laws
    • Regulatory Changes & Compliance Guides
    • Licensing, Banking Regulations & Taxation
    • Social Equity, Local Ordinances & Import/Export Rules
  • Lifestyle & Culture
    • Consumption Guides & Product Reviews
    • Recipes & Storage Tips
    • Event Coverage & Travel Guides
    • Celebrity News, Community Stories, Art & Music
  • Shop

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Florida Billionaire Donates $20M to Candidates that Oppose Cannabis Legalization Effort

December 8, 2024

New York Officials Release Multi-Year Cannabis Industry Report

December 8, 2024

Vice Presidential Nominee Tim Walz Has A Rating from NORML for Cannabis Policy

December 7, 2024
Facebook Twitter
Facebook Twitter
ERVA NEWS – Know more, Feel better
Friday, May 9
  • Business & Industry
    • Market Analysis & Trends
    • Investment opportunities
    • Company Profiles & Statistics
    • Mergers & Acquisitions
    • Marketing Strategies & Supply Chain Insights
  • Health & Wellness
    • Medical Research & CBD Benefits
    • Treatment Options & Dosage Guidelines
    • Mental Health Applications & Patient Testimonials
    • Wellness Routines, Athletic Recovery & Sleep Improvement
  • Science & Technology
    • Cannabinoid & Terpene Research
    • Cultivation Techniques & Genetic Studies
    • Extraction Methods & Bioavailability
    • Lab Testing & Cultivation Science
  • Legal & Policy
    • State, Federal & International Laws
    • Regulatory Changes & Compliance Guides
    • Licensing, Banking Regulations & Taxation
    • Social Equity, Local Ordinances & Import/Export Rules
  • Lifestyle & Culture
    • Consumption Guides & Product Reviews
    • Recipes & Storage Tips
    • Event Coverage & Travel Guides
    • Celebrity News, Community Stories, Art & Music
  • Shop
ERVA NEWS – Know more, Feel better
Home»Business & Industry»New Mexico Officials Celebrate Marijuana Milestone As Sales Cross $1 Billion Mark Since Recreational Market Launched
Business & Industry

New Mexico Officials Celebrate Marijuana Milestone As Sales Cross $1 Billion Mark Since Recreational Market Launched

March 5, 2024Updated:December 6, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
Cannabis Bonds Can Solve New York’s Billion-Dollar Social Equity Problem (Op-Ed)
Share
Facebook Twitter LinkedIn Pinterest Email

New Mexico officers are celebrating a brand new milestone for the state’s marijuana trade, with retailers hitting recording greater than $1 billion in whole gross sales for the reason that launch of the state’s adult-use hashish market.

February’s gross sales totals included greater than $35 million in adult-use purchases—the second-highest month-to-month quantity on file, in accordance with figures from the New Mexico Regulation and Licensing Division’s Hashish Management Division. The state’s medical marijuana market, in the meantime, recorded over $12 million in gross sales.

With these additions, the cumulative quantity offered within the state reached $1.01 billion. That features each medical and adult-use hashish receipts going again to April 2022, when the leisure market opened for enterprise. The state doesn’t publish medical hashish dispensary gross sales knowledge previous to that date.

“It is a big milestone for New Mexico’s hashish trade,” Regulation and Licensing Division Superintendent Clay Bailey informed Marijuana Second on Monday. “Shoppers have confirmed that they help this trade and the companies which have labored exhausting to place our state on the map on the subject of authorized, regulated hashish gross sales.”

Common transaction costs in February had been $41.99 for adult-use purchases and $51.96 for medical marijuana consumers. The medical quantity is increased than at any level since April 2023.

The highest 5 cities for adult-use gross sales had been Albuquerque, Sunland Park, Las Cruces, Santa Fe and Hobbs. When it comes to medical marijuana, the highest 5 had been Albuquerque, Santa Fe, Las Cruces, Rio Rancho and Alamogordo.

Measured one other method, New Mexico offered greater than a half-billion-dollars’ value of marijuana throughout the first full calendar 12 months of the adult-use market when figures from medical sales had been included.

In the meantime, the governor of stated final month that she “endorses” a newly enacted decision requesting that state officers analysis the therapeutic potential of psilocybin and discover the creation of a regulatory framework to supply entry to the psychedelic.

Earlier within the month, the Senate had unanimously handed the measure from Senate Minority Whip Craig Brandt (R) and Sen. Jeff Steinborn (D).

Michael Coleman, director of communication Gov. Michelle Lujan Grisham’s (D) workplace, stated the governor “typically helps progressive and accountable analysis and remedy to deal with despair, habit, post-traumatic stress dysfunction and different psychological well being challenges.”

The Senate passage of the psychedelics decision comes one 12 months after the Home Well being and Human Providers Committee accepted an analogous invoice that referred to as for the creation of a state physique to review the potential for launching a psilocybin remedy program for sure sufferers. That measure didn’t advance additional within the 2023 session, nonetheless.

Final 12 months the state Senate additionally voted to let drive-through marijuana shops stay open. A proposal by the physique’s Judiciary Committee would have prohibited gross sales of hashish by means of a drive-thru window.



Source link

Billion cannabis industry Celebrate Cross Cultivation Investments Launched Marijuana marijuana business Mark market market growth Mexico Milestone Officials Recreational Regulations Sales
Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleMarijuana Rolling Paper Company Seeks Content Creator To ‘Get Paid To Smoke Weed’ For $70,420 Salary
Next Article Dispensary Fined $26k for Selling Cannabis Products Pulled from Dumpster

Related Posts

New York Officials Release Multi-Year Cannabis Industry Report

December 8, 2024

Delaware Receives 1,260 Adult-Use Cannabis Applications

December 7, 2024

Cannabis Tech Firm Formerly Valued at $700M Going Out of Business

December 7, 2024

Portland Dispensary Employee Turns Himself In After Deadly Shooting

December 7, 2024

Comments are closed.

Our Picks

Florida Billionaire Donates $20M to Candidates that Oppose Cannabis Legalization Effort

December 8, 2024

New York Officials Release Multi-Year Cannabis Industry Report

December 8, 2024

Vice Presidential Nominee Tim Walz Has A Rating from NORML for Cannabis Policy

December 7, 2024

Delaware Receives 1,260 Adult-Use Cannabis Applications

December 7, 2024
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Legal & Policy

Florida Billionaire Donates $20M to Candidates that Oppose Cannabis Legalization Effort

December 8, 20240

In an August 2 op-ed, Ken Griffin, the billionaire investor and CEO of Florida-based Citadel…

New York Officials Release Multi-Year Cannabis Industry Report

December 8, 2024

Vice Presidential Nominee Tim Walz Has A Rating from NORML for Cannabis Policy

December 7, 2024

Delaware Receives 1,260 Adult-Use Cannabis Applications

December 7, 2024
logo

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Social mendia

Facebook-f Twitter

Categories

  • Business & Industry
  • Health & Wellness
  • Science & Technology
  • Legal & Policy
  • Lifestyle & Culture
  • Business & Industry
  • Health & Wellness
  • Science & Technology
  • Legal & Policy
  • Lifestyle & Culture

Our Picks

Florida Billionaire Donates $20M to Candidates that Oppose Cannabis Legalization Effort

December 8, 2024

New York Officials Release Multi-Year Cannabis Industry Report

December 8, 2024

Vice Presidential Nominee Tim Walz Has A Rating from NORML for Cannabis Policy

December 7, 2024
© 2024 ervanews.com. All rights reserved.