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Missouri rolls up huge cannabis sales in 2023

The Show Me State now has the nation’s sixth-largest cannabis market.

MISSOURI, USA — Missouri generated $1.3 billion in marijuana sales, including $1 billion in recreational marijuana sales, from the time it was legalized on Feb. 3, 2023, through Dec. 31, according to state figures.

Editor's note: The video above aired on Feb. 8, 2024.

The Missouri Department of Health and Senior Services transferred $3.84 million from its adult-use program and another $13 million from its medical marijuana program to various state agencies as outlined by the state’s constitution. Since the Missouri cannabis program was founded in late 2018, the state has transferred $41.26 million to state programs.

Missouri now has the nation’s sixth-largest cannabis market, behind California, Michigan, Illinois, Florida and Massachusetts. Its sales were about 10 times higher than the $104 million in New York in 2023, despite Missouri having about a third of the population.

Missouri benefits from bordering states that still ban marijuana sales or have much higher tax rates, pushing people near the borders to come into Missouri.

Click here to read the full story from the St. Louis Business Journal. A subscription is required.

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