New Mexico adult-use marijuana sales surpass $3.5 million in first three days

New Mexico’s new adult-use marijuana market recorded more than $3.52 million worth of sales from market launch on Friday through Sunday.

Day One of adult-use sales totaled roughly $1.97 million, followed by Saturday sales of $1 million and Sunday sales of more than $550,000, according to figures the New Mexico Regulation and Licensing Department (NMRLD) provided to MJBizDaily.

Medical marijuana sales for the same three days totaled roughly $1.7 million.

NMRLD reported 29,191 adult-use cannabis transactions on Friday, followed by 18,227 transactions on Saturday and 10,472 on Sunday.

That’s a total of 57,890 transactions for the three-day period.

The office reported 29,883 medical marijuana transactions over the same period.

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The upcoming 2022 MJBiz Factbook projects annual adult-use cannabis sales worth as much as $125 million for New Mexico this year.

The Southwestern state has a population of roughly 2.1 million, but cross-border cannabis shoppers from neighboring Texas are expected to help boost sales.

Solomon Israel can be reached at solomon.israel@mjbizdaily.com.