Recreational Marijuana Sales In New Mexico Reach Over $300 Million In First Year
There are now 633 registered cannabis retailers across the state of 2.1 million residents
Recreational cannabis consumers bought just over $300 million in pot in New Mexico since sales without a prescription were legalized a year ago, the state cannabis control division said Monday.
New Mexico legalized recreational marijuana on April 1, 2022, and brought sales to the doorstep of Texas, the largest prohibition state.
Further legalization efforts stumbled last month as voters in Oklahoma rejected a ballot measure that would have made the state the 22nd in the U.S. to legalize recreational marijuana.
In New Mexico, marijuana entrepreneurs have launched hundreds of retail outlets, farms and industrial kitchens for manufacturing cannabis products, including edible candies. There are now 633 registered cannabis retailers across the state of 2.1 million residents.
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