In Missouri there was around $110 million in marijuana sold through licensed stores in January.
According to the Missouri Department of Health and Senior Services, there was $109.8 million in marijuana and marijuana products sold in January. $15 million of this was sold to medical marijuana patients, with the remaining $94.8 million sold to recreational consumers.
Given recreational marijuana sales began in February, 2023, this is the first January in Missouri where marijuana sales have been legal for everyone 21 and older and not exclusively to medical marijuana patients. In all 11 months that recreational marijuana has been legal, total marijuana sales have passed $100 million.
In 2023 there was $1.3 billion in legal marijuana sold, resulting in over $100 million in tax revenue for the state.
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%.
