February 3, 2023

Aaron Tellez scrapes THC extract at the Mesilla Valley Extracts warehouse. In November, sales of medicinal and adult cannabis were down from the previous month but remained stable overall. (Roberto E. Rosales/Journal)

Medical sales have continued to fall since April, while adult sales have risen or remained stable.

According to updated data from New Mexico’s Cannabis Control Division, total sales — including medical and recreational cannabis — were approximately $38.6 million in November. That’s down from nearly $39.8 million in October.

Cannabis retailers brought in a total of $24.6 million in November, down almost half a million dollars from October, which was a record high for recreational cannabis sales in the state at the time. October was also the 50th Albuquerque International Balloon Fiesta which attracted many overseas visitors and likely boosted those sales. But recreational cannabis sales have mostly been growing month-over-month, with November sales up $2.4 million from April.

Sales of medical products, meanwhile, continued to fall, according to the latest data from CCD. Last month, medical patients spent just over $14 million — down $660,000 from October and down nearly $3.4 million since April.

In October, according to the latest data from the New Mexico Department of Health’s website, 119,817 patients were enrolled in the state’s medicinal cannabis program. That patient count is down from 134,307 at the end of April.

Ben Lewinger, executive director of the New Mexico Chamber of Cannabis Commerce, said the recent decline in the state’s medical program is something seen in other states where both sale for medical purposes and adult use are legal .

“Importantly, we continue to invest in the medical program, continue to add qualifying conditions, and continue to ensure products are available for people who depend on cannabis to treat everything from cancer and autoimmune arthritis to PTSD and seizure disorders. ‘ Lewinger said.

Looking at cities, villages

Albuquerque sold about $13.4 million in November, according to CCD data. That’s more than $700,000 less than October.

For adult usage, revenue in Albuquerque was $7.7 million, compared to $8.1 million the previous month. Medical sales for November exceeded $5.6 million.

In Santa Fe and Las Cruces, recreational cannabis sales totaled approximately $1.7 million.

And at Sunland Park, leisure sales totaled just over $1.6 million, according to the data. Hobbs recorded $1.5 million in adult sales. November proved to be a record month for both cities, which are seeing large numbers of Texas customers.

Medical and Recreational Transactions

According to the data, the average sale per transaction in November for leisure purchases was $43.99. That’s about 74 cents up from October, but still off April’s high of $50.83.

Average revenue per transaction for medical sales was $50.92 in November — up from $49.59 in October.

Last month, there were a total of 275,960 transactions, with adult transactions accounting for 67% of total transactions.

A tiny border town between NM and TX is reaping profits from recreational cannabis

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