For the second straight month, marijuana sales in Missouri broke the previous monthly record.
There was $130.51 million worth of marijuana and marijuana products sold legally in Missouri in December, breaking the previous record of $128 million set the prior month. This brings 2024’s total to $1.36 billion, and the all-time total to $3.4 billion.
A large majority of December’s marijuana sales were recreational purchases, accounting for $115.47 million. In contrast, medical marijuana patients purchased $15.04 million in product in December.
Missouri legalized recreational marijuana through a 2022 voter initiative, with sales beginning in February 2023. The law allows those 21 and older to possess up to three ounces of marijuana and grow as many as six plants for personal use. The state’s medical marijuana program, established in 2018, opened its first dispensaries in October 2020.
Recreational marijuana is taxed at a 6% excise rate, on top of Missouri’s 4.2% state sales tax. While medical marijuana is exempt from the excise tax, it is still subject to the regular sales tax. Additionally, local governments can levy an extra tax of up to 3%.
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