Medical cannabis sales in Missouri kicked off in late 2020, followed by the launch of recreational sales in February 2023. On May 2, they hit a $1 billion milestone, reported KOMU 8, citing Missouri's Division of Cannabis Regulations (MDCR).
By approving an initiative known as Amendment 3 in November, Missouri voters legalized adult-use cannabis. The measure expanded the existing medical marijuana program by allowing existing licensees to serve both medical and non-medical purchasers. While medical marijuana sales remained steady during the first three months of the newly launched market, with $94 million in products sold, recreational cannabis sales soared to $256.2 million.
Andrew Mullins, MoCannTrade executive director, touted the benefits of the cannabis policy change.
"Missouri's newest billion-dollar industry is experiencing significant job growth, providing great products and services to Missourians, and becoming an integral part of the local …