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.
Growing is all about the lighting
Read our exclusive guide for strategies and tips from expert cultivators who have amassed decades of experience studying horticulture lighting. Curated by MJBizDaily.
Inside the MJBizDaily Lighting Buyers Guide:
- Horticultural professionals debunk 8 common lighting myths in cannabis.
- How cannabis extraction companies can reduce energy costs.
- Why experts say the future of horticultural lighting is in LED technology.
- Cannabis lighting Glossary of Terms.
- Buyers checklist & more!
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 firstname.lastname@example.org.