New Mexico Medical Cannabis Industries Report Increase In Sales During Pandemic
In the first six months of 2020 there were $92 million in sales
The medical cannabis industry is one that’s actually reported to be thriving during the pandemic, while local shops adjust to COVID restrictions. Jefferson King with Everest Apothecary in Albuquerque said business has been sky high since March, picking up nearly 1,000 new customers and more than doubling sales in April and May with sales continuing to soar since summer.
“From June until now we’ve seen a lot of increase like I said probably up to 60 to 75 percent overall.” Everest Apothecary isn’t the only medical cannabis dispensary in the state thriving.
The industry as a whole across New Mexico has been booming, now with more than 100,000 registered medical cannabis patients. State experts said that’s a 27% increase since June 2019 and has ultimately led to more sales.
“In the first six months of 2020 there were $92 million in sales which is an increase in 55 percent from the same period the previous year,” said Ben Lewinger, Executive Director of New Mexico Cannabis Chamber of Commerce.
Lewinger said they were deemed an essential industry by the governor in March with good reason. “People are also taking the opportunity to use cannabis for other things that it’s proven to work for beyond just qualifying conditions, things like anxiety, stress, insomnia,” said Lewinger.
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