New Mexico first day recreational cannabis sales pass $1.8M
Sales began almost immediately at dispensaries in Las Cruces at 12:01 a.m. In Santa Fe, sales began at 7 a.m. – around three hours before sales began in Albuquerque and an hour before sales began in Grants and Las Vegas.
As of 8 p.m. Friday, there have been 27,981 adult-use recreational cannabis transactions statewide, generating $1,882,928.45 in sales. That number doesn't include medical sales.
According to the City of Albuquerque's map, 69 cannabis retail locations were approved as of April 1. To date, 151 retail licenses have been issued by the state, covering nearly 250 locations.
The Cannabis Regulation Act, passed by the Legislature and signed by the governor last year, called for sales of adult-use cannabis to begin no later than April 1. Gov. Michelle Lujan Grisham has said the new industry is projected to generate $300 million annually in sales, create 11,000 jobs and bring in $50 million in state revenue in the first year alone. Others have guessed even higher.
https://www.kob.com/albuquerque-news/adult-use-cannabis-sales-kick-off-in-new-mexico/6434891/?cat=500
