Combined adult-use and medical cannabis sales in New Mexico have totaled over $1.9 billion since the program's launch three years ago and are expected to exceed $2 billion this year. While sales slightly declined from August to September, overall trends remain steady. In September, adult-use sales accounted for 77.29% of sales. Officials are encouraged by the industry's growth, noting that the generated revenue benefits businesses and helps small towns through excise tax revenue. The state generated over $142 million in cannabis revenue during the summer months of this year.

Cannabis Sales in New Mexico On Pace to Exceed $2B This Year

Oct 21, 2025

TG Branfalt

Ganjapreneur

Combined adult-use and medical cannabis sales in New Mexico are on pace to
exceed $2 billion this year, according to data from the state Regulation
and Licensing Department (NMRLD), which shows total cannabis sales in the
state have totaled $1,932,232,139.93 since the program’s launch three years
ago.

Sales in the state were down from August (about $37.4 million) to September
(about $34.3 million) but, overall, cannabis sales in the state remained
steady and in line with the state’s sales trends. Adult-use cannabis sales
in the state launched in April 2022.

In September, adult-use cannabis sales represented 77.29% of sales
and nearly 75% of all transactions at the state’s retailers.

NMRLD Communications Director Andrea Brown told the El Paso Times that
officials “continue to be encouraged by the business growth and success
many businesses in the state have seen.”

“The revenue generated by the regulated cannabis industry is not only
beneficial for business owners but helps many small towns across New Mexico
make meaningful changes to their communities through the use of the excise
tax revenue.” — Brown to the Times

The state generated more than $142 million in cannabis industry revenue
during the summer months this year alone.