Missouri marijuana retail outlets and dispensaries sold over $121 million worth of marijuana and marijuana products in June.
According to the Missouri Department of Health & Senior Services, consumers purchased $95.2 million worth of recreational marijuana. This is in addition to $26 million in medical marijuana sales, bringing the total for the month of June to $121.2 million. This is roughly $300k more than the previous month, bringing in a little over $10 million in tax revenue for the state.
Accumulative marijuana sales in Missouri now stand at $1.23 billion, with year-to-date sales reaching $629 million. Year-to-date tax revenue is around $50 million.
Marijuana was legalized in Missouri last year, with the first recreational marijuana sales beginning this February. 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 marijuana legalization law has also led to over 44,000 marijuana cases being expunged in Missouri under Article XIV of the state’s constitution, including over 10,000 felony convictions.
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