Missouri marijuana sales top $1.2 billion in first legal recreational year

Image source - Pexels.com

JEFFERSON CITY, Mo. – Missouri dispensaries have sold more than $1.2 billion of marijuana products in the first year of legalized recreational sales.

According to the Missouri Cannabis Trade Association (MoCannTrade), state dispensaries topped $1,215,000,000 in sales through November.


Soulard bar owners question legitimacy of NYE bar crawl promoted online

MoCannTrade says the grand total consists of $930 million of recreational adult use sales and $285 million of medical marijuana sales.

For non-medical purposes, Missouri’s first marijuana sales for adults over 21 began on Feb. 3. Since then, the state has averaged nearly $4 million in sales of legal cannabis products per day.

MoCannTrade estimates state sales will top $1.3 billion by the end of the year, possibly $1 billion for recreational sales alone.

“In so many ways 2023 has been a historic and unprecedented year for the Missouri cannabis industry,” said Andrew Mullins, MoCannTrade Executive Director.

The state of Missouri also expunged an estimated 100,000 nonviolent cannabis offenses from previous years. It’s also estimated around 19,000 Missourians are now directly employed in the state’s cannabis industry.

Related articles

You may also be interested in

Headline

Never Miss A Story

Get our Weekly recap with the latest news, articles and resources.
Cookie policy
We use our own and third party cookies to allow us to understand how the site is used and to support our marketing campaigns.

Hot daily news right into your inbox.