New Mexico Marijuana Sales Report 2024
- New Mexico Cannabis
- Cannabis Business in New Mexico
- Annual Cannabis Sales and Trends in New Mexico
Annual Cannabis Sales in New Mexico
The data for Cannabis sales in New Mexico revealed distinct trends between medical and adult use. Medical sales peaked in March 2023 at over $15.3 million, but experienced a decline over the following months. Adult-use sales exhibited consistent growth that peaked in March 2024 at $39.4 million. In 2022, medical use reached its highest point in May at around $17.4 million, while adult use saw steady growth from June, roughly $28.1 million by December. The data showed a stronger upward trend in adult-use sales, contrasting with fluctuating and declining medical sales over time.
Medical Use:
| Month | 2024 | 2023 | 2022 |
|---|---|---|---|
| January | $11,848,057 | $13,740,385 | No Data |
| February | $12,319,998 | $13,941,711 | No Data |
| March | $13,042,683 | $15,375,667 | No Data |
| April | $12,854,179 | $14,818,580 | $17,382,313 |
| May | $12,518,346 | $14,093,013 | $17,487,472 |
| June | $11,559,066 | $14,368,465 | $16,851,078 |
| July | $12,078,382 | $13,903,329 | $16,833,678 |
| August | $12,187,238 | $13,498,352 | $16,507,423 |
| September | $11,115,799 | $12,657,098 | $15,470,403 |
| October | No Data | $12,051,506 | $14,697,869 |
| November | No Data | $12,077,929 | $14,050,051 |
| December | No Data | $12,996,677 | $15,124,766 |
Adult Use:
| Month | 2024 | 2023 | 2022 |
|---|---|---|---|
| January | $34,420,132 | $26,562,149 | No Data |
| February | $35,674,958 | $27,785,347 | No Data |
| March | $39,464,523 | $32,491,995 | No Data |
| April | $38,253,559 | $31,382,204 | $22,190,406 |
| May | $38,682,535 | $31,752,669 | $21,129,637 |
| June | $36,513,095 | $33,476,232 | $21,250,294 |
| July | $38,018,830 | $34,314,702 | $23,550,081 |
| August | $38,940,955 | $34,815,597 | $24,344,915 |
| September | $35,705,901 | $34,577,626 | $24,366,044 |
| October | No Data | $34,630,737 | $25,083,431 |
| November | No Data | $34,437,605 | $24,661,853 |
| December | No Data | $37,470,309 | $28,128,056 |
Last updated: October 14, 2024
Source: New Mexico Regulation & Licensing Department
