December marijuana sales fell just short of the monthly record set earlier this year.
December marked the 10th straight month that legal marijuana sales surpassed $100 million in Missouri. In total there was $123.3 million worth of marijuana sold, coming within $3 million of the record-setting $126 million sold in March. $106.5 million of the marijuana sold in December was purchased by recreational consumers, while $16.8 million was purchased by medical marijuana patients.
Sales for all of 2023 reached $1.3 billion, resulting in over $100 million in tax revenue for the state. All-time sales for legal marijuana is now just shy of $2 billion.
Marijuana was legalized in Missouri during the November, 2022 election, with marijuana stores opening the following February. The law allows those 21 and older to possess up to three ounces of marijuana, while allowing them to cultivate up to six marijuana plants 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%.
