La Casa de las Artesanías is a government-run craft store offering all kinds of local crafts at fair prices. The tourism offices sometimes give out coupons for a 10% discount. There's a smaller branch in front of the Museo de Antropología e Historia on the Paseo de Montejo, but this main branch offers the best selection.
Calle 63, No. 513, between Calles 64 and 66, Mérida, Yucatán, 97000, Mexico