New Mexico Cannabis Market Breaks Sales Record For Second Straight Month
Industry raked in more than $40 million yet again, with no signs of slowing down. The state’s population centers of Albuquerque, Santa Fe, Las Cruces, Hobbs, and Rio Rancho saw the highest July & Aug sales numbers.
The Land of Enchantment’s Green Rush is in full swing. After an impressive July, sales records were set again in August hitting over $40 million beating the previous month by around $300,000. Adult-use sales made up a whopping $23 million of that total in August, eclipsing July by over $1 million.
Analysts continue to be pleasantly surprised by New Mexico’s impressive cannabis sales numbers, bucking trends in other newer markets and setting the bar high (no pun intended). The state’s market remains robust, indicating there are good things to come.
“In most states, you see very early sales during the first few months. Typically sales will fluctuate after that,” explained Andrew Vallejos, Interim Director for New Mexico’s Cannabis Control Division, in an interview with KOAT news. “ We don’t know if there will be seasonal variations in sales. Right now, it looks very encouraging.”
Lucky Leaf Expo will bring two days of high-impact networking, education, and expositions to the Albuquerque Convention Center October 21st and 22nd. The conference is considered a must attend for licensed operators and industry newcomers, offering something for anyone wanting to be a part of New Mexico’s thriving cannabis marketplace.
Join us at our Albuquerque, NM event to catch up with canna industry experts and businesses.
* Explore more than 100 exhibitors
* Hear from a variety of speakers
* Network with other industry professionals and more at the Lucky Leaf Albuquerque business convention and seminars
No Medical Card Needed
