Missouri’s marijuana industry brought in $119 million in sales in August.
Data released by the Missouri Department of Health & Senior Services shows that there was $97 million worth of recreational marijuana sold throughout the month of August, in addition to $22 million worth of medical marijuana. The combined total is a slight decrease over the $123 million sold in July. The monthly high was set in March, with $126 million sold.
The year-to-date total for marijuana sales in Missouri is now $871 million, with the cumulative total since the start of medical marijuana sales in 2020 now standing at $1.47 billion.
The sales in August mark the seventh straight month where marijuana sales has passed $100 million.
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%.
