ALBUQUERQUE, N.M. (KRQE) – New Mexico’s cannabis industry has continued to grow. Recreational sales in October passed $25 million, according to data from the Cannabis Control Division, setting a new record.
The latest data from the state shows that the 507 dispensaries across New Mexico made a total of 875,504 transactions. Among those, retailers sold $25,033,997.39 worth of recreational cannabis.
Since legal sales began in April, New Mexico has approached but never broken $25 million in recreational sales. In September, retailers sold $24.2 million worth. August also brought a little over $24 million in recreational sales.
Over the last few months, the average customer who bought cannabis at a New Mexico dispensary spent a little over $43 per transaction. For customers who purchased medical cannabis, they spent an average of about $50 per transaction, the data from the Cannabis Control Division shows.