New Mexico officials are celebrating a new milestone for the state's marijuana industry, with retailers hitting recording more than $1 billion in total sales since the launch of the state's adult-use cannabis market.
February's sales totals included more than $35 million in adult-use purchases—the second-highest monthly amount on record, according to figures from the New Mexico Regulation and Licensing Department's Cannabis Control Division. The state's medical marijuana market, meanwhile, recorded over $12 million in sales.
With those additions, the cumulative amount sold in the state reached $1.01 billion. That includes both medical and adult-use cannabis receipts going back to April 2022, when the recreational market opened for business. The state does not publish medical cannabis dispensary sales data prior to that date.
"This is a huge milestone for New Mexico's cannabis industry," Regulation and Licensing Department Superintendent Clay Bailey told Marijuana Moment on Monday. "Consumers have proven that they support this industry and the businesses that have worked hard to put our state on the map when it comes to legal, regulated cannabis sales."
Read more at marijuanamoment.net