Recreational Cannabis Sales Soar in New Mexico

EXACTLY WHAT YOU CAN EXPECT IN JUST A BIT. FIRST, COME BACK, SASHA, SALES OF ADULT CANNABIS REACHED A NEW HIGH THIS LAST MONTH, ACCORDING TO THE CANNABIS CONTROL DIVISION. SALES ARE HIGHEST SINCE GOT THE GREEN LIGHT EARLIER THIS YEAR. THIS IS REPORTER FAITH HILL. RECREATIONAL CANNABIS SALES CONTINUE TO SOAR ACROSS NEW MEXICO. SUGAR SPOKESPERSON JESSE HUNT SAYS IT HAS BEEN A BOOST FOR THE ECONOMY. AND WE CONTINUE TO SEE PEOPLE ENTERING THE LEGAL MARKETPLACE TO BUY THEIR CANNABIS, WHICH IS WONDERFUL. THIS IS EXACTLY WHAT WE WANT TO SEE AS ​​IS. ACCORDING TO THE LATEST DATA FROM THE STATE’S CANNABIS CONTROL DIVISION, MORE THAN 25 MILLION RECREATIONAL SALES WERE RECORDED IN OCTOBER, THE HIGHEST SINCE RECREATIONAL SALES LEGALIZED IN APRIL. IT’S JUST EXCITING. IT’S EXCITING THAT THERE IS LOTS OF TAX REVENUES GOING THROUGH THE STATE, LOTS OF NEW BUSINESS AND INDUSTRIES THROUGH THE STATE. HOWEVER, THERE IS A CONTINUED DROP IN MEDICAL SALES. IWAN GUZMAN, CEO OF BEST, SAYS THAT WHILE CONTINUOUS GROWTH IS GREAT FOR THE CANNABIS INDUSTRY, SO JOB GROWTH IS HUGE. I mean, COMPANY-WIDE. OUR COMPANY ALONE HAS OVER 100 EMPLOYEES AND WE GO THROUGH CULTURE AND MANUFACTURE OF DISPENSARY. THERE MAY BE SOME CHALLENGES. 507 DISPENSES IN NEW MEXICO MADE OVER 800,000 TRANSACTIONS LAST MONTH. THERE ARE NO LIMITATIONS ON PRODUCTION LICENSING. AND THE QUESTION IS, WHEN DOES THIS MARKET STABILIZE? IS IT SATURATED? ARE THERE SOME PEOPLE WHO ARE GOING TO PUT MONEY INTO BUSINESSES WILL NOT BE ABLE TO MAINTAIN THINGS BECAUSE IT IS AN OVERSATURATED MARKET, WILL NOT BE ABLE TO GO THROUGH THIS EXTENSION WHERE THEY NEED CAPITAL TO MAINTAIN IT. DESPITE THE LONG ROAD AHEAD, YES THERE WILL BE SOME FAILURES AND HE BELIEVES THE FUTURE IS BRIGHT FOR CANNABIS SALES IN NEW MEXICO. AND IT’S REALLY GOOD THAT PEOPLE ARE JUST STARTING TO SEE THIS PLANT AS ONE OF THE MANY WAYS PEOPLE HAVE HELD DIFFERENT STRESS AND WAYS TO ENGAGE AND FIND IN THE NATURAL NON-TOXIC NON-ADDICTIVE APPROACH THEY WANT KOAT-ACTION. SEVEN. FAITH THANK YOU. RECREATIONAL SALES SO FAR HAVE BROUGHT M

Recreational Cannabis Sales Soar in New Mexico

Despite the surge in sales, oversaturation is a cause for concern for some.

Recreational cannabis sales continue to rise in New Mexico. Jessie Hunt, spokeswoman for Schwazze, said it boosted the economy. “We continue to see people coming into the legal market to buy their cannabis, which is wonderful. That’s exactly what we want to see in the state. We’re able to continue to hire staff, pay high salaries in New Mexico and people really want to work in the industry, which is wonderful,” Hunt said. “We’re opening a few more stores. We also try to make sure that we do it in a super responsible way for the communities that we are in and that are in communities that still have high demand. “According to the latest data from the state’s Cannabis Control Division, more than $25 million in recreational sales were recorded in October – the highest since recreational sales were legalized in April. However, there have been a decline in medical sales. Eli Goodman, CEO of Best Daze, said that while continued growth is great for the cannabis industry, there may be challenges. “Job growth is huge. I mean, company-wide, our company alone has over 100 employees. We go through the culture, the manufacture of dispensaries. This is our eighth dispensary open and we are one of many groups. So there are lots of opportunities, lots of growth and lots of jobs. It’s good for the economy, it puts money in people’s pockets and it generates taxes for the state overall, and we need that right now as a state,” Goodman said. “There is no license limit around production, and there is a question – when does this market stabilize? Is it saturated? Are there people who are going to invest money in businesses that will not be able to continue, because it is an oversaturated market – not being able to cross this extension where they need capital to continue. “Despite the long way to go , Goodman thinks the future is bright for cannabis sales in New Mexico. “It’s nice that people are just starting to see this plant as one of the many ways people are heading to different stresses and ways to engage in the fight against a natural, non-toxic, non-addictive approach,” said he declared.

Recreational cannabis sales continue to rise in New Mexico.

Jessie Hunt, spokeswoman for Schwazze, said it boosted the economy.

“We continue to see people coming into the legal market to buy their cannabis, which is wonderful. That’s exactly what we want to see in the state. We’re able to continue to hire staff, pay high salaries in New Mexico and people really want to work in the industry, which is wonderful,” Hunt said. “We’re opening a few more stores. We also try to make sure that we do it in a super responsible way for the communities that we are in and that are in communities that still have high demand. .”

According to the latest data from the state’s cannabis enforcement division, more than $25 million in recreational sales were recorded in October — the highest since recreational sales were legalized in April.

However, there has been a decline in medical sales.

Eli Goodman, CEO of Best Daze, said while continued growth is great for the cannabis industry, there may be challenges.

“The job growth is huge. I mean, company-wide, our company alone has over 100 employees. We go through cultivation, dispensary manufacturing. This is our eighth open dispensary and we are one of many groups. So there is a lot of opportunity, a lot of growth and a lot of jobs. It’s good for the economy, it puts money in the pockets of the people and globally generates taxes for the state, and we need that right now as a state,” Goodman said. “There’s no licensing limit around production, and there’s one question – when does this market stabilize? Is it saturated? Are there people who are going to invest money in businesses that won’t be able to continue, because it’s an oversaturated market – not being able to get through that extension where they need capital to make it work. »

Despite the long road ahead, Goodman thinks the future is bright for cannabis sales in New Mexico.

“It’s nice that people are just starting to see this plant as one of the many ways people are heading to different stresses and ways to engage in the fight against a natural, non-toxic, non-addictive approach,” said he declared.

Sallie R. Loera