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.
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.
