NM Yearly Recreational Marijuana Sales Over $300 Million

Cannabis News
April 7, 2023
Cannabutter Digest

NEW MEXICO – Over the last 12 months the state had over $300 million in recreational marijuana sales which equated to $27 million in excise taxes.

According to FOX NEWS, currently there are 633 registered cannabis retailers in New Mexico. These retailers continue to grow across the state since recreational marijuana was legalized on April 1, 2022.

Of the $27 million in excise taxes, the local governments receive a 12% minority share.

Sales to Texas residents account for a large amount of New Mexico recreational marijuana sales.

We are in the middle of a cannabis revolution in America and Cannabutter Digest has everything you need to stay up to date. Check back often for the latest canabis industry news, products, recipes, and more!

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