According to data released by the Missouri Department of Health & Senior Services, the state sold over $120 million in legal marijuana in May.
Missouri consumers purchased $92.6 million in recreational marijuana last month. This is in addition to the $28.3 million in medical marijuana sold during the same period, bringing the total amount of legal marijuana purchased to $120.9 million.
The four-month total since recreational marijuana sales began now stands at around $380 million. When you account for the over $100 million in medical marijuana sold during the same period, the total amount of legal marijuana and marijuana products purchased in Missouri between February and April is almost 500 million.
In Missouri marijuana was legalized last year via a voter-approved initiative. The law allows those 21 and older to possess up to three ounces of marijuana, purchasable from a licensed marijuana retail outlet. They can also cultivate up to six flowering plants, six immature plants, and six plants under 14 inches for personal use.
Recreational marijuana is taxed at 6%, in addition to the state’s 4.2% statewide sales tax. Medical marijuana is taxed at just 4%. Localities are also allowed to establish a citywide tax of up to 3%.
The $120 million sold in May garnered Missouri over $10 million in tax revenue.
