Missouri Total Cannabis Sales Reach $125M in March

April 8, 2023 · Ganjapreneur

Marijuana buds storage in the glass jar. The process of improving the fresh trimmed cannabis harvest

Missouri total cannabis sales topped $125 million in March, according to the state Division of Cannabis Regulations data outlined by KSHB. The total includes $93.5 million in adult-use sales and $32.7 million in medical-use sales.  

In a statement, MoCannTrade Executive Director Andrew Mullins said Missouri has “one of the most customer-friendly cannabis programs in the entire nation.”  

Adult-use cannabis sales launched in Missouri in February and are so far on track to surpass $1 billion annually. The state sold $102 million worth of cannabis in February which represented the third-highest total for first-month adult-use cannabis sales behind only California and Arizona, according to a Flatland KC report. Comparatively, Illinois, which borders Missouri and has twice the population of Missouri, saw $39.2 million in cannabis sales the first month after adult-use sales commenced. 

Missouri’s high sales figures could be partly due to the prohibitionist policies of its border states – neither Nebraska, Arkansas, Oklahoma, nor Iowa have legalized cannabis for adult use.  (Full Story)

In category:Business
Tags:
Next Post

10 Things Every Dispensary Needs for Success in 2023

Ask around, and you may hear 2023 is the most challenging year yet to operate a dispensary. With capital largely evaporating, licensed and illicit competition increasing, and customers conditioned to shop for deals, running a profitable store is becoming harder. As…
Read
Previous Post

Opinion: Cannabis business owners should negotiate labor peace agreements before signing

When you apply for a marijuana business license in California, one of the many documents you must sign is a sworn statement that your business will enter into a labor peace agreement, or LPA. Almost every licensed cannabis entrepreneur will…
Read
Random Post

The Natural Medicine Act - Will Colorado Join Oregon in Legalizing Psilocybin and Magic Mushrooms Next Month?

Next month, voters in Colorado will decide whether to legalize psilocybin and psilocin, the hallucinogenic compounds found in what are generally known as magic mushrooms. The Natural Medicine Act, also known as Proposition 122, would make it legal to own and…
Read
Random Post

American Bankers Association Calls For ‘Swift Passage’ Of Marijuana Banking Bill Ahead Of Senate Committee Hearing

The American Bankers Association (ABA) is renewing its call for the passage of a bipartisan marijuana banking bill that was refiled last month. Days before the Senate Banking Committee is scheduled to discuss the issue at a marijuana-focused hearing, ABA sent…
Read
Random Post

Designing the Future of Retail

We’ve all heard the adage “time is money,” but successful retailers understand space also is money. Cannabis operators need to leverage their space more than almost any other retailers. After all, due to laws and regulations, a single physical space…
Read
Random Post

New PA law could increase medical marijuana dispensary permits by 20%

Up to 30 new medical marijuana dispensaries could open in Pennsylvania under a bill signed into law by the state’s Democratic governor, a potential expansion of 20%. Under Senate Bill 773 – which Gov. Josh Shapiro signed into law Dec. 14, as…
Read