Missouri Sold $8 M in Legal Recreational Marijuana in The First Weekend!
In the state, recreational marijuana sales racked up $8,500,900 from Friday to Sunday. During that time period, medical marijuana sales added up to $4,189,065. As reported by the state’s health department, dispensaries across the state raked in over $8 million in sales during the first weekend after recreational marijuana use was authorized.
Recreational marijuana sales in the state raked in $8,500,900 from Friday to Sunday, said the state’s cannabis regulation page. On top of that, the state saw a total of $4,189,065 in sales of medicinal marijuana over the weekend.
In November of 2022, a law was changed to legalize the selling of recreational marijuana in Missouri. There were a few dispensary owners who expected their license to begin selling on Monday, February 6, but instead received it on Friday, February 3.
Nearly all of the state’s medical marijuana dispensaries, according to DHSS Communications Director Lisa Cox, have applied for the all-encompassing license that would allow for recreational and medicinal sales. According to her, on December 8th, the first day applications were available, 90% of those dispensaries submitted theirs.
The Following Daily Sales Figures Can Be Found on The Cannabis Regulation Page:
- Sales for Friday, February 3, 2023, are: medical marijuana sales totaled, $1,996,590.36 and consumer sales totaled, $3,008,181.35 for a combined total of $5,004,771.71.
- Sales for Saturday, February 4, 2023, are: medical marijuana sales totaled, $1,302,660.51 and consumer sales totaled, $3,332,684.03 for a combined total of $4,635,344.54.
- Sales for Sunday, February 5, 2023, are: medical marijuana sales totaled, $889,813.59 and consumer sales totaled, $2,160,035.23 for a combined total of $3,049,848.82.
With a 6% sales tax on recreational marijuana sales, as mandated by the state’s recently passed constitutional amendment, Missouri collected over $500,000 in tax revenue in only the first weekend.
The Illinois Department of Financial and Professional Regulation said that in the first week after recreational marijuana was legalized in the state in 2020, businesses made $10,830,667.91, with $3.2 million of that coming in on the first day alone.