NEW MEXICO (KRQE) – Recreational and medical cannabis sales continued racking up strong sales numbers through Saturday, following the start of retail sales in New Mexico Friday. According to the Cannabis Control Division, statewide, more than $3.6 million of combined medical and recreational cannabis had been sold across Friday and Saturday.
The numbers breakdown further, including more than $555,000 of recreational cannabis sold Saturday, and more than $324,000 in medical sales. Across Friday and Saturday, New Mexicans purchases more than $2.5-million in recreational cannabis alone.
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Across Friday and Saturday, medical sales generated more than $1.1 million by 3:00 p.m. Saturday. Looking at total transactions, adult-use made up nearly 70% of sales through Friday and Saturday’s sales figures.
Overall, the state says they are expecting the industry to bring in close to $50 million a year in tax revenue.
