Recreational cannabis sales reach new high in August – Albuquerque Journal

Native vfinishors let clients odor their merchandise On the Jam Spot on April 20 in Downtown Albuquerque. The hashish enterprise launched in $24.2 million in leisure gross sales in August, Based mostly on the state’s Cannabis Administration Division. (Roberto E. Rogross sales/Journal)

It was one other doc-shattering month for leisure hashish gross sales in New Mexico.

The state’s hashish enterprise in August launched in $24.2 million in grownup-use gross sales, Based mostly on the state’s Cannabis Administration Division. Which will be A mannequin new doc extreme, surpassing July’s grownup-use gross sales of $23.5 million.

General gross sales quantitys, Which inagencys medical hashish transactions, stood at $40.7 million in August, Based mostly on The information. That quantity is up from July’s overall gross sales of $40.3 million, which at the time was additionally a doc extreme.

Leonard Salgado, the director of enterprise enhancement and enlargement for Pecos Valley Manufacturing, said the introduction of leisure hashish has been a boon for his enterprise over the previous few months.

The agency plans to increase to 30 storefronts by subsequent September, competing with the likes of the state’s hugest hashish agency in Extremely Well being, As a Outcome of of extreme gross sales quantitys Which have helped the enterprise understand a 100% enhance yr So far.

“It’s had a trickledown influence throughout all operations,” Salgado informed the Journal. “We’re bullish on the hashish enterprise.”

Albuquerque did shut toly $8 million in grownup-use gross sales and $6.6 million in medical gross sales, Based mostly on The information. That quantity is up on the grownup-use facet from July, however down on the medical facet by A pair of hundred thousand dollars. And Albuquerque hasn’t carried out Greater than $8 million in grownup-use gross sales since April.

Santa Fe launched in $1.9 million in leisure gross sales, The identical as in July. They typically additionally did Regarding the identical in medical gross sales — $1.6 million — as in July, Based mostly on The information.

Rio Rancho purchased extra medical hashish than leisure, bringing in $805,783 on that finish and $749,385 in grownup-use gross sales, Based mostly on CCD.

Sales quantitys have been additionally extreme in vacationer cities.

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That options Ruidoso, which noticed $741,639 in grownup-use gross sales and Taos, whose hashish institutions purchased $410,625 in grownup-use hashish.

New Mexico’s border cities shut to Texas, Who’ve seen huge grownup-use gross sales quantitys since April, proceed to carry out properly in gross sales, Based mostly on CCD.

Las Cruces took in $1.8 million in leisure gross sales and shut toly $1.5 million in medical gross sales. Sunland Park did Greater than $1.3 million in grownup-use gross sales and Hobbs did shut toly $1.3 million in gross sales, Based mostly on The information.

Carlsbad did $794,310 in grownup-use gross sales and about $370,620 in medical gross sales. Clovis launched in $674,106 in leisure gross sales. Anthony noticed $442,017 in grownup-use gross sales, Based mostly on The information.

General, border cities — collectively with Texico, Rosproperly, Portales and Clayton — made up Greater than a 30% of overall leisure gross sales, Based mostly on The information. Salgado said Pecos Valley opened a second location in Hobbs final month and that they anticipate to open their Artesia location Inside The subsequent couple weeks.

“We’re bringing jobs and bringing income (to this area),” Salgado said. “It’s having an influence on small cities.”