Missouri’s recreational cannabis sales edged higher in May, as the market looks to outperform legacy markets out West in its first year of operations, data from the state’s Department of Health and Senior Services shows.
Missouri has sold $471.1 million worth of cannabis since recreational sales started Feb. 3. Medical marijuana sales became legal in the state in October 2020.
Total cannabis sales in May came in at $120.9 million, just below April’s total sales of $121.1 million. Adult-use sales grew about 2% to $92.6 million in May, compared to the prior month; while medical sales fell about 6% to $28.3 million, compared to the month-ago frame.
Missouri, which had an oversupply of cannabis at the beginning of the year, has seen higher-than-expected demand and sales in the last four months lead to a supply crunch, causing wholesale prices to skyrocket and retailers’ profit margins to shrink.
