New Mexico Sets New Monthly Marijuana Sales Record, Surpasses Half-Billion in 2023

Marijuana Sales Record: New Mexico Smokes the Competition

Hey there, fellow cannabis enthusiasts! It’s your friendly neighborhood expert, and today we’ve got some seriously lit news to share with you. If you’ve been keeping an eye on the marijuana scene in New Mexico, you probably already know that things have been heating up. But hold onto your bongs, because the latest numbers are mind-blowing!

Setting the Stage

Before we dive into the nitty-gritty, let me set the stage for you. In , New Mexico celebrated its first full year of legal cannabis sales. And boy, did they do it in style! The broke records left and right, proving that the Land of Enchantment knows how to light up more than just the night sky.

A Half-Billion Dollar High

So, what’s the buzz all about? Well, brace yourselves because in 2023, retailers in New Mexico raked in over half a billion dollars in cannabis sales! That’s right – $500,000,000! I don’t know about you, but that’s a whole lot of .

December Delights

Now, let’s break it down a bit. December was the cherry on top of this cannabis cake, with adult-use purchases soaring to over $37 million. Medical marijuana didn’t want to be left out of the party either, reaching its highest sales point since August.

What’s Behind the ? You might be wondering what’s behind this green rush. Well, it seems that bigger purchases were the driving force in December. The average medical transaction came in at just under $52, while adult-use sales averaged around $42.50. It’s hard to say whether it’s pricier products or just more enthusiastic customers, but one thing’s for sure – New Mexicans were ready to spend.

Where the Magic Happens

Now, let’s talk cities. The cities with the highest recorded adult-use sales by dollar amount included Albuquerque, Sunland Park, Las Cruces, Santa Fe, and Hobbs. On the medical front, Albuquerque, Santa Fe, Las Cruces, Rio Rancho, and Alamogordo took the crown.

The Green Job Market

But it’s not just about the sales; it’s also about the jobs. In New Mexico, the folks working in the marijuana industry are enjoying higher pay than in their previous gigs. Talk about a career high!

Expanding the List

In May, New Mexico expanded its list of qualifying conditions for medical marijuana, adding insomnia to the mix. Now, more people can find relief through the power of cannabis.

Governor’s Green Thumb

Let’s not forget about Michelle Lujan Grisham. She’s been on a roll, making sure the state’s law stays on track. Automatic expungements for prior cannabis convictions? Check. Vetoing legislation that would have harsher sentencing laws? Double check.

A Record-Breaking Year

New Mexico wasn’t the only state making waves in the cannabis world. Rhode Island, Montana, , , Maryland, Massachusetts, Illinois, Michigan, and Missouri all saw sales in 2023. It’s like a cannabis revolution sweeping across the nation!

In Conclusion

So, there you have it, my fellow cannabis aficionados – the lowdown on New Mexico’s jaw-dropping marijuana sales record. It’s been a wild ride, and who knows what the future holds for the Land of Enchantment. But one thing’s for sure: as long as there are cannabis lovers out there, the green industry will keep on thriving.

And hey, before I wrap this up, I want to give a shoutout to Ben Adlin for keeping us all in the loop. Thanks, Ben! You’re the real MVP.

Until next time, stay lit and stay legal, my friends!

Rosemary Puffman
I'm Rosemary, a staunch supporter of cannabis legalization and its potential benefits. My roles as a writer, cannabis entrepreneur, and informed investor allow me to contribute to the evolving narrative around cannabis. Through my writing, I aim to destigmatize and educate, while my business ventures and strategic investments align with my belief in the positive impact of responsible cannabis use.

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