There was over $113 million in marijuana sold legally in February in Missouri.
In total there was $113.4 in legal marijuana sold in February, an increase of $3.6 million from the total sales for January, despite the month being two days shorter. This is according to data compiled and released by the Missouri Department of Health and Senior Services.
The $113.4 million represents a roughly $10 million increase from marijuana sales for the previous February. Of the $113.4 million sold, $98.3 million was sold to recreational consumers, with $15.1 million sold to medical marijuana patients.
In 2023 there was $1.3 billion in legal marijuana sold, resulting in over $100 million in tax revenue for the state. The total for 2024 now stands at $223 million.
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%.
