New Mexico just recently launched their cannabis recreational market that allows for up to 2 oz of cannabis to be purchased by each individual or 16g of cannabis extract. This is an exciting change for NM and those nearby too who have already travelled to the area to take part in the market and support the legal changes on cannabis.
Millions of dollars in cannabis sales in the first week
When Nevada first welcomed cannabis they had a huge first month of sales, they saw more than $27 million coming in for cannabis dispensaries in the region for several weeks.
At the rate NM is going for cannabis sales they could see about the same for their first month in sales as well.
Several years ago when Oregon brought on their legal cannabis market for recreational sales they too saw big demand, around $11 million just within that first week.
Of course these markets have gone on to grow significantly in Nevada, Oregon, around California, Washington, Colorado, and they are coming to other areas because there is high demand.