According to data released by state officials, Missouri sold $91 million worth of recreational marijuana in April, in addition to $30.1 in medical marijuana sales.
The $91 million sold in April is roughly on par with the $93 million sold in March, and is considerably higher than the $71 million sold in February, the first month of legal recreational marijuana sales in Missouri. This is according to data released by the Missouri Department of Health and Senior Services.
The three-month total since recreational marijuana sales began stands at $256 million. When you account for the nearly $100 million in medical marijuana sold during the same period, the total amount of legal marijuana and marijuana products purchased in Missouri between February and April is $350 million.
In Missouri marijuana was legalized last year via a voter-approved initiative. The law allows those 21 and older to possess up to three ounces of marijuana, purchasable from a licensed marijuana retail outlet. They can also cultivate up to six flowering plants, six immature plants, and six plants under 14 inches for personal use.
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%.
The $350 million sold in the last three months garnered Missouri around $30 million in tax revenue.
