$4.9 Million Made In New Mexico’s Top Dispensaries (Q1-2016)

$4.9 Million Made In New Mexico's Top Dispensaries (Q1-2016) - CannaBit - New Frontier

Newly released data from New Mexico reveals rich new insights into dispensary operations in the state.

In the first quarter of 2016, the top 10 dispensaries netted $4.9 million in sales, with a net income of just over $800,000. All but one of the operations had a profitable first quarter, with margins ranging from 10% to 39%.

The gross profits of the top 3 dispensaries comprised 41% of the profits earned by the top 10 dispensaries, and 31% of all the dispensaries which reported earnings in Q1 of 2016.