Medical marijuana gross sales in Missouri are over $ 2 million per week

Missouri had its highest medical marijuana sales ever in the third week of March. To date, the state’s medical marijuana sales were $ 22.2 million, according to reports from the Missouri Department of Health and Senior Services.

Weekly medical weed sales eclipse $ 2 million in Missouri

After COVID-19 ensured a rocky start for the Show-Me state’s medical cannabis market in October 2020, marijuana sales seem to have finally found a solid level. Weekly medical marijuana sales consistently neared the $ 2 million mark from late February to mid-March. However, in the week of March 19, those sales soared to a record $ 2.4 million.

“These encouraging sales figures are no surprise – but all the more impressive in a pandemic-hit economy,” said Andrew Mullins, executive director of the Missouri Medical Cannabis Trade Association (MoCannTrade).

While a stalled economy and heightened security restrictions may have slowed the initial opening of Missouri pharmacies, The Weed Blog has regularly covered how the cannabis industry has proven pandemic-proof. According to sources from New Frontier Data, legal marijuana sales in key US markets rose nearly 50% from March to April 2020. Since then, states like Oregon, Illinois and Colorado have achieved record annual sales of over $ 1 billion.

MoCannTrade’s Andrew Mullins believes Missouri’s growing medical marijuana market “not only improves the health and wellbeing of Missouri patients, it creates thousands of new jobs while channeling millions of new and needed tax revenues to the state.”

On the $ 22.2 million worth of marijuana products sold, Missouri patients paid a set 4% sales tax assigned to the health and welfare of veterans after they funded the administrative and legal costs of the medical marijuana program had. The Missouri Veterans Commision will become increasingly well funded as over 90,000 Missourians have been enrolled as patients or carers in the state’s medical marijuana program.

Additional resources:

At The Weed Blog, we strive to produce the latest online marijuana news sources. We also review different strains of cannabis or other edible counterparts. We want to help you find valuable information about marijuana on our website. Learn from us what you can do to promote activism in your area as marijuana laws are constantly changing. Otherwise, consider these other top notch cannabis items:

Colorado is focused on social justice in the marijuana industry

Montana Marijuana Legalization Plan Breakdown

States after income tax receipts for marijuana

Comments are closed.