In Missouri there was over $123 million in marijuana sold legally in July, a modest increase from the month prior.
For the sixth straight month Missouri marijuana sales passed $100 million, with $123.2 million in sales for July. This is the second highest month so far this year (falling $3 million short of the $126 million sold in March), and it brings the year-to-date total to $752 million.
The $123.2 million sold in July is a roughly $2 million increase over the $121 million sold in June. Of the $123.2 million sold, $98.7 million was recreational marijuana with $24.5 million being sold to medical marijuana patients.
All of this data was compiled and released by the Missouri Department of Health & Senior Services.
Recreational 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.
The state’s medical marijuana law was passed by voters in 2018, with the first dispensary opening their doors in October, 2020.
In Missouri 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.
