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Learn | 04.04.2022

New Mexico’s First Day Of Legal Recreational Cannabis Sales Brought In $1.9 Million

With remaining worries of a foreseeable cannabis shortage, New Mexico brings home over $1 million on the first day of launching recreational sales.

New Mexico happily launched legal recreational cannabis sales on Friday, April 1. Dispensaries saw lineups out the door full of eager consumers waiting to make their first legal marijuana purchase in the state.

In more recent news, KRQE News 13 reports that New Mexico’s dispensaries brought home a whopping total of $1.9 million on Friday, the day legal sales launched.

The recent revenue announcement comes on the heels of reports explaining how many dispensaries throughout New Mexico were expecting a shortage of marijuana and related products once legal recreational sales were permitted.

Photo courtesy of Serra Cannabis

One of the main issues was not getting licensed in time, especially dispensaries wanting to expand their facilities to add manufacturing or cultivation sites.

Another worry was that large-scale producers might bring in the most revenue considering they’ve had time to constantly rotate harvests, whereas newer producers might still be in the licensing phase.

The worries are still prevalent, especially as New Mexico news outlets report the impressive cash flow into dispensaries on April 1. According to KRQE News 13, recreational adult-use sales surpassed $475,000 just before noon on Friday.

Photo by RODNAE Productions / Pexels

Based on the Cannabis Control Divison’s numbers, reports say New Mexico reached $1 million just before 4:00 pm. A bit later that day, the entire state recorded $1.8 million in sales by 8:00 pm, and it wasn’t until the clock struck twelve that it reached $1.9 million.

CCD spokesperson Heather Brewer told the news outlet that “New Mexicans turned out today in strong numbers to show their support for high-quality New Mexico products coming to them for the first time.”

She added that the Cannabis Control Division (CCD) is “is excited for all the consumers and all of the businesses that have been part of this historic day.”

Even Governor Michelle Lujan Grisham was thrilled to watch her state bring in the bucks. KRQE News 13 explains that the Governor made a surprise appearance at the Everest Cannabis Company dispensary in Uptown Albuquerque.

Strolling the storefront and watching the eager consumers line up out the door, the Governor told outlets that “We seem so much more prepared” for recreational cannabis sales than most other states starting to adopt the motion. She concluded, “New Mexicans just get it done.”

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