This week, the Missouri Department of Health and Senior Services (DHSS) transferred $3.25 million in funds from Missouri’s medical marijuana program to the Missouri Veterans Commission (MVC).
(Photo credit: GETTY Images).
This transfer brings the total transferred to the MVC from the medical marijuana program since its inception is $49,728,820.
Missourians voted in November 2018 to adopt Constitutional Amendment 2, which is now known as Article XIV. The amendment includes a provision requiring that fees and taxes generated by the medical marijuana program, minus operational expenses, be transferred to the MVC for health and care services for military veterans. Article XIV states that medical marijuana sold in licensed dispensaries will be taxed at a rate of 4%. Since dispensary sales began in October 2020, more than $1 billion in medical sales have occurred.
This transfer of funds does not include those transferred from the adult-use cannabis program.
More information about sales and transfers of funds can be found at Cannabis.Mo.Gov or by viewing the latest Missouri Medical and Adult Use Cannabis Annual Report.
To learn more about Missouri’s medical and adult use marijuana programs, visit Cannabis.Mo.Gov.
