New Mexico Marijuana Sales Reach $48.1 Million in March, Pushing All-Time Total Past $2.21 Billion
- New Mexico’s legal marijuana market generated over $48 million in sales in March 2026, with adult-use purchases constituting the majority of revenue.
- March sales totaled $48,113,535.59 across 1,203,777 transactions, including $37.9 million from adult-use and $10.2 million from medical marijuana.
- The first quarter of 2026 saw nearly $140 million in marijuana sales, maintaining a steady market compared to the same period in 2025.
- Since legalization, New Mexico has reported over $2.2 billion in total marijuana sales across nearly 49.5 million transactions, reflecting ongoing demand statewide.
New Mexico’s legal marijuana market brought in over $48 million in March, with strong adult-use sales continuing to drive the industry as overall totals remain nearly unchanged from last year.
According to newly released data, marijuana sales in March reached $48,113,535.59 across 1,203,777 transactions. Adult-use purchases made up the bulk of that figure, accounting for $37,903,986.42, while medical marijuana sales totaled $10,209,549.18.
The latest numbers bring total marijuana sales for the first quarter of 2026 to roughly $140 million, a figure that is nearly identical to what the state recorded during the same three-month period in 2025. The consistency suggests a stable market following years of rapid expansion after legalization.
Since launching its legal market, New Mexico has now generated $2,211,906,065.35 in marijuana sales across 49,491,193 transactions, highlighting the sustained demand for both adult-use and medical products statewide.
New Mexico legalized marijuana for adult use in 2021, with licensed retail sales beginning in April 2022. State law allows adults 21 and older to possess up to two ounces of marijuana, along with up to 16 grams of concentrates and 800 milligrams of infused products. Marijuana purchases are subject to the state’s standard gross receipts tax, with an additional excise tax that started at 12% and is set to gradually increase to 18% over time.