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Home News

Legal Weed Sales in New Mexico Top $1 Billion

by Matthew
March 6, 2024
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Legal Weed Sales in New Mexico Top $1 Billion
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Why it matters: The office of New Mexico Gov. Michelle Lujan Grisham announced that cannabis sales in the state have exceeded $1 billion since legalization, with significant tax revenue and job creation.

What they are saying: Governor Lujan Grisham praised the growth of the legal cannabis industry in New Mexico, highlighting the economic benefits and job opportunities it has brought to the state.

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The big picture: Legalized adult-use cannabis in New Mexico has generated substantial revenue, with sales continuing to increase and benefiting both large cities like Albuquerque and smaller communities.

What to watch: Continued growth and success of the cannabis industry in New Mexico, potential expansions in the market, and the impact on the state’s economy and job market.

My take: The legalization of adult-use cannabis in New Mexico has proven to be a successful decision, bringing in significant revenue and creating job opportunities. It will be interesting to see how the industry continues to grow and evolve in the state.

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Tags: adult-useAlbuquerquebusinessDispensariesexcise taxesGov. Michelle Lujan GrishamMedicalNew Mexiconewspot salesrecreational cannabisRetail
Matthew

Matthew

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