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New Mexico Cannabis Sales Eclipse $5.2 Million in First Weekend

Governor says it could be the most successful launch of recreational cannabis to date.

New Mexico's adult-use cannabis sales topped $5.2 million over the first weekend.

From midnight on Friday, April 1 to 11:59 p.m. on Sunday, April 3, cannabis retailers made $5,219,575.73 in combined medical and adult-use sales. 

Adult-use sales brought in $3,522,811.27 and medical generated $1,696,764.46. 

Retailers processed 87,773 individual transactions from every corner of the state.

As of Friday, 151 retail licenses had been issued, covering nearly 250 locations, according to the Cannabis Control Division of the Regulation and Licensing Department.

Despite the record highs, cannabis retailers didn’t run out of product and the state didn’t experience any issues with its seed-to-sale tracking system. 

“New Mexico’s launch of recreational cannabis has been one of the most successful, if not the most, of any state,” said Gov. Michelle Lujan Grisham. 

The cannabis industry is projected to generate more than $300 million annually in sales in New Mexico. 

The industry will create more than 11,000 jobs and bring in $50 million in state revenue in the first year.

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