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Medical and recreational sales have generated $1.3 billion since cannabis' legalization. Most sales have come from Albuquerque, with 9.6 million transactions adding up to $429 million in sales.
Cannabis in New Mexico is legal for recreational use as of June 29, 2021. A bill to legalize recreational use – House Bill 2, the Cannabis Regulation Act – was signed by Governor Michelle Lujan Grisham on April 12, 2021. The first licensed sales of recreational cannabis began on April 1, 2022.
Albuquerque, for instance, saw only a 21% lift in adult-use sales from April 2022 to its latest sales number in November of $9.7 million, while medical sales have dropped more than 32% in that ...
Sluben also cited data disputing the belief that Albuquerque is a good market. There are way too many stores, , he contended. And median store sales were $21,300 in February , down from $22,100 in ...
Since 2012, various jurisdictions in the United States have legalized cannabis for recreational use. Because there are no border controls between U.S. states and citizens are allowed to travel freely between them, this has resulted in the proliferation of cannabis dispensaries located in towns that border states where cannabis remains illegal.
Cannabis Station, a medical cannabis dispensary in Denver, Colorado Cannabis flower stored in jars at a dispensary in Colorado. Cannabis dispensaries in the United States or marijuana dispensaries are a type of cannabis retail outlet, local government-regulated physical location, typically inside a retail storefront or office building, in which a person can purchase cannabis and cannabis ...
Nov. 13—A year-and-a-half after recreational marijuana became legal for New Mexico adults, some dispensary owners are having a hangover of sorts. The marijuana market is jam packed and looking ...
A medical cannabis dispensary in Denver, Colorado.. A cannabis retail outlet (also known as cannabis shop, cannabis dispensary, cannabis store, cannabis cooperative) is a location at which cannabis is sold or otherwise dispensed, either for recreational or for medical use.