August 15, 2022

Rocky Daily News

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New Mexico Dispensaries Will Cut Colorado’s Already-Falling Marijuana Sales

1 min read

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Colorado could see fewer Texan tourists going forward, and the marijuana industry will likely pay the price.

New Mexico’s recreational marijuana dispensaries can start opening today, April 1. And although it’s never been viewed in the same vein as Colorado, the first state to allow adult-use marijuana sales, New Mexico is well-prepared for a recreational sales launch.

Medical marijuana has been legal in New Mexico since 2007, and approximately 118 dispensaries have been operating under that framework across the state. Under state law, all 118 of those stores are licensed to sell recreational marijuana starting  April 1. In contrast, back when Colorado’s recreational sales launched on January 1, 2014, only about forty stores were licensed and ready for business.

But Colorado definitely…

Thomas Mitchell

2022-04-01 10:00:00

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