"cannabis new mexico" – Google News
EXACTLY WHAT YOU COULD EXPECT IN JUST A BIT. FIRST, GET BACK, SASHA, ADULT USE CANNABIS SALES HIT A NEW HIGH THIS PAST MONTH, ACCORDING TO THE CANNABIS CONTROL DIVISION. SALES ARE THE HIGHEST THEY’VE BEEN SINCE THEY WERE GIVEN THE GREEN LIGHT EARLIER THIS YEAR. HERE’S REPORTER FAITH HILL. RECREATIONAL CANNABIS SALES CONTINUE TO SKYROCKET ACROSS NEW MEXICO. JESSE HUNT, SPOKESPERSON FOR SUGAR, SAYS IT’S BEEN A BOOST FOR THE ECONOMY. AND WE ARE CONTINUING TO SEE THAT PEOPLE ARE COMING INTO THE LEGAL MARKET TO PURCHASE THEIR CANNABIS, WHICH IS WONDERFUL. THAT IS EXACTLY WHAT WE WANT TO SEE IN THE STATE. ACCORDING TO THE LATEST DATA FROM THE STATE’S CANNABIS CONTROL DIVISION, OVER 25 MILLION AND RECREATIONAL SALES WAS RECORDED IN OCTOBER, THE HIGHEST HAS BEEN SINCE LEGALIZATION OF RECREATIONAL SALES IN APRIL. IT’S JUST EXCITING. IT’S EXCITING THAT THERE’S THIS MUCH TAX REVENUE ROLLING THROUGH THE STATE, THIS MUCH NEW BUSINESS AND INDUSTRY THROUGH THE STATE. HOWEVER, THERE’S BEEN A STEADY DECREASE IN MEDICAL SALES. IWAN GUZMAN, CEO OF BEST, SAYS WHILE CONTINUOUS GROWTH IS GREAT FOR THE CANNABIS INDUSTRY, WELL, THE JOB GROWTH IS HUGE. I MEAN, COMPANY WIDE. OUR COMPANY ALONE HAS OVER 100 EMPLOYEES AND WE’RE MOVING THROUGH CULTIVATION, MANUFACTURING DISPENSARIES. THERE MAY BE SOME CHALLENGES. 507 DISPENSARIES IN NEW MEXICO MADE OVER 800,000 TRANSACTIONS THIS PAST MONTH. THERE’S NO LIMIT ON LICENSES AROUND PRODUCTION. AND THERE’S THE QUESTION IS, WHEN DOES THIS MARKET STABILIZE? DOES IT GET SATURATED? ARE THERE SOME PEOPLE THAT ARE GOING TO PUT MONEY INTO BUSINESSES NOT BE ABLE TO KEEP THINGS GOING BECAUSE IT’S AN OVERSATURATED MARKET, NOT BE ABLE TO MAKE IT THROUGH THAT EXTENSION WHERE THEY NEED SOME CAPITAL TO KEEP IT GOING. DESPITE THE LONG ROAD AHEAD, YEAH, THERE’S GOING TO BE SOME FAILURES AND BELIEVES THE FUTURE IS BRIGHT FOR CANNABIS SALES IN NEW MEXICO. AND IT’S REAL GOOD THAT PEOPLE ARE JUST STARTING TO SEE THIS PLANT AS ONE OF THE MANY WAYS IN WHICH PEOPLE TITRATE DIFFERENT STRESS AND WAYS TO ENGAGE AND FIND IN THE NATURAL NON TOXIC NON-ADDICTIVE APPROACH THEY WANT TO KOAT ACTION. SEVEN. FAITH THANK YOU. SO FAR, RECREATIONAL SALES HAS BROUGHT IN M
Recreational cannabis sales skyrocket in New Mexico
Despite rise in sales, oversaturation is a cause of concern for some.
Recreational cannabis sales continue to rise in New Mexico. Jessie Hunt, spokesperson for Schwazze said it’s been a boost for the economy. “We are continuing to see that people are coming into the legal market to purchase their cannabis, which is wonderful. That is exactly what we want to see in the state. We are able to continue to hire staff, pay strong wages in New Mexico and people really want to work in the industry, which is wonderful,” Hunt said. “We are opening a few more stores. We’re also trying to make sure that we’re doing it in a way that is super responsible for the communities that we’re in and that are in communities that really still have some high demand.”According to the latest data from the state’s Cannabis Control Division, over $25 million in recreational sales was recorded in October — the highest it’s been since the legalization of recreational sales in April. However, there has been a decrease in medical sales.Eli Goodman, CEO of Best Daze said while continuous growth is great for the cannabis industry, there may be challenges. “The job growth is huge. I mean, companywide, our company alone has over 100 employees. We’re moving through cultivation, manufacturing dispensaries. This is our eighth dispensary opened and we’re one of many groups. So, there’s a lot of opportunity, a lot of growth and a lot of jobs. That’s positive for the economy, gets money in people’s pockets and overall generates tax dollars for the state, and we need it right now as a state,” Goodman said. “There’s no limit on license around production, and there’s a question — when does this market stabilize? Does it get saturated? Are there some people that are going to put money into businesses not be able to keep things going, because it’s an oversaturated market — not be able to make it through that extension where they need some capital to keep it going.”Despite the long road ahead, Goodman believes the future is bright for cannabis sales in New Mexico. “It’s good that people are just starting to see this plant as one of the many ways in which people titrate different stress and ways to engage in fighting a natural, nontoxic, non-addictive approach,” he said.
Recreational cannabis sales continue to rise in New Mexico.
Jessie Hunt, spokesperson for Schwazze said it’s been a boost for the economy.
“We are continuing to see that people are coming into the legal market to purchase their cannabis, which is wonderful. That is exactly what we want to see in the state. We are able to continue to hire staff, pay strong wages in New Mexico and people really want to work in the industry, which is wonderful,” Hunt said. “We are opening a few more stores. We’re also trying to make sure that we’re doing it in a way that is super responsible for the communities that we’re in and that are in communities that really still have some high demand.”
According to the latest data from the state’s Cannabis Control Division, over $25 million in recreational sales was recorded in October — the highest it’s been since the legalization of recreational sales in April.
However, there has been a decrease in medical sales.
Eli Goodman, CEO of Best Daze said while continuous growth is great for the cannabis industry, there may be challenges.
“The job growth is huge. I mean, companywide, our company alone has over 100 employees. We’re moving through cultivation, manufacturing dispensaries. This is our eighth dispensary opened and we’re one of many groups. So, there’s a lot of opportunity, a lot of growth and a lot of jobs. That’s positive for the economy, gets money in people’s pockets and overall generates tax dollars for the state, and we need it right now as a state,” Goodman said. “There’s no limit on license around production, and there’s a question — when does this market stabilize? Does it get saturated? Are there some people that are going to put money into businesses not be able to keep things going, because it’s an oversaturated market — not be able to make it through that extension where they need some capital to keep it going.”
Despite the long road ahead, Goodman believes the future is bright for cannabis sales in New Mexico.
“It’s good that people are just starting to see this plant as one of the many ways in which people titrate different stress and ways to engage in fighting a natural, nontoxic, non-addictive approach,” he said.
