Adult-use marijuana sales growth in 2023 varied by market age
Year-over-year marijuana sales-growth rates varied in 2023, with new markets continuing to grow and established markets not declining as much.
New Mexico Medical Marijuana News
Year-over-year marijuana sales-growth rates varied in 2023, with new markets continuing to grow and established markets not declining as much.
New Mexico regulators revoked the licenses of two cannabis facilities operating in close proximity and issued $1 million fines to each for violations such as growing too many plants and not complying with the mandated track-and-trace system.
New Mexico regulators fined a cannabis operator nearly $300,000 and revoked its license after the company allegedly created fake reports in the state’s traceability software.
The percentage of women and members of minority groups holding executive positions in the cannabis industry has returned to pre-pandemic levels after a significant drop during the past three years, according to a new report from MJBizDaily.
Consumers spent a record amount on legal marijuana in New Mexico in August, with combined medical and adult-use sales totaling more than $48.2 million.
Retail border business is a big economic driver for dispensary operators nationwide, particularly when new markets open up, and conversely, when sales start to decline in more established ones.
New Mexico’s marijuana regulatory authority has selected Todd Stevens, a veteran of Colorado’s Native Roots Cannabis Co., to serve as the state’s MJ chief.