New Mexico is about to become the next state in the country to legalize recreational marijuana for everyone 21 and older.
The taxes from the marijuana itself are estimated to bring in more than $30 million a year by 2024 for state and local governments.
The bill is on its way to Governor Michelle Lujan Grisham’s desk, she said in a statement, “This is a significant victory for New Mexico and my signing pen is ready.”
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Two ounces is what New Mexicans will eventually be able to possess legally. But marijuana isn’t cheap, two ounces will cost you just over $700.
Sonia Gonzalez, the general manager at PurLife Dispensary in Las Cruces said two ounces is a hefty amount for personal use.
“Most patients if you’re gonna roll a joint, a gram would equal out a joint, so you’re going to be able to get 28 joints out of just one ounce. This should last a patient that smokes on average about two to three grams a day, so about a month in a half,” Gonzalez said.
She said their inventory is already large for their medical clients.
“On average a slow day for us we’d hit $15,000 in sales, on a day that we run sales and we have patients throughout the day from 8 am to 8 pm, we’ll break about $22,000.”
Once this is legalized, her dispensary is preparing for a big jump in sales.
“This is a big deal for everyone. We’re hoping that we see more business,” Gonzalez said.
There is no limit on how much marijuana you can keep at your house.
Legal sales are expected to begin as early as March of 2022.
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