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* Politics * Science & Health * Culture * Business * Video * Newsletter * Subscribe * Remove Ads * Bill Tracking * About * Login Instructions * All 2024 Cannabis Bills * Bill Hearing Calendar * About Marijuana Moment * Support Marijuana Moment * Subscribe To Newsletter Connect with us * * * MARIJUANA MOMENT MISSOURI’S MARIJUANA MARKET TALLIED MORE THAN $1.4 BILLION DURING FIRST FULL YEAR OF ADULT-USE SALES * Politics * New Jersey Marijuana Sales Officially Top $2 Billion Since 2018, Top Regulator Says, While Encouraging Lawmakers To Explore Home Grow * New York State Has Collected Almost None Of Its $25 Million In Fines Against Illicit Marijuana Stores * Maryland Committees Take Up Psychedelics And Drug Decriminalization Task Force Bills * South Dakota Senate Approves Medical Marijuana ‘Guardrails’ For People On Probation And Parole * GOP Congressman Files Bill Directing VA To Update Lawmakers About Psychedelic Medicine Access For Veterans * Science & Health * Psilocybin Mushrooms May Date To The Time Of The Dinosaurs (Or At Least Their Demise), Study Finds * Justice Department Researcher Says ‘We May Need Better Tests’ For Marijuana Impairment, Questioning ‘Per Se’ THC Limits For Driving * Marijuana Tax Revenue Should Fund Education And Housing, Not Police And Prisons, Voters Say In New Poll * Federally Funded Researchers Discover Two New Methods Of Distinguishing Hemp And Marijuana To Assist Crime Labs * Search Interest In Delta-8 THC Nearly Twice As High In States Without Legal Marijuana, Study Finds * Culture * Rapper Killer Mike Suggests Giving Black People Control Over Marijuana Industry As A Form Of Reparations * Brooklyn Nets And New York Liberty Become First NBA And WNBA Teams To Partner With CBD Company * UFC Warns Fighters To Stop Using Marijuana ‘Immediately’ So They Aren’t Punished Under California Athletics Rules * Treasury Secretary Yellen Says She Over-Prepared For First Time Using Marijuana And Jokes That It ‘Always Helps’ With Candy Crush * NFL Partnering On New Study Using CBD To Treat Pain And Protect From Concussions * Business * Missouri’s Marijuana Market Tallied More Than $1.4 Billion During First Full Year Of Adult-Use Sales * Missouri Marijuana Company Argues That Workers Are Not Allowed To Unionize Due To Federal Law * Multiple States Across The Country See Record-Breaking Marijuana Sales To Close Out 2023 * Massachusetts Sets Marijuana Sales Record In December, With Total Purchases In 2023 Reaching $1.8 Billion * Missouri Sold More Than $1.3 Billion Worth Of Legal Marijuana In 2023, State Figures Show * Video * Maryland Committees Take Up Psychedelics And Drug Decriminalization Task Force Bills * New Hampshire House Passes Marijuana Legalization Bill, Though Senate Hurdles Remain On Way To Governor’s Desk * Kansas Lawmakers Reject Marijuana Legalization Amendment * Questioned On Equity, Minnesota Marijuana Regulator Tells Lawmakers Her Son Is Incarcerated For Drugs * Maryland Senate Approves Bill To Protect Medical Marijuana Patients’ Gun Rights * Newsletter * DOJ researcher’s cannabis impairment testing concerns (Newsletter: February 22, 2024) * VA legal cannabis sales compromise in works (Newsletter: February 21, 2024) * FDA touts cannabis scheduling review process (Newsletter: February 20, 2024) * VP Harris reaching out to cannabis pardon recipients (Newsletter: February 19, 2024) * DOJ’s new marijuana & hemp testing methods (Newsletter: February 16, 2024) * Subscribe * Remove Ads * Bill Tracking * About * Login Instructions * All 2024 Cannabis Bills * Bill Hearing Calendar * About Marijuana Moment * Support Marijuana Moment * Subscribe To Newsletter BUSINESS MISSOURI’S MARIJUANA MARKET TALLIED MORE THAN $1.4 BILLION DURING FIRST FULL YEAR OF ADULT-USE SALES Published 3 days ago on February 19, 2024 By Ben Adlin Missouri sold more than $1.4 billion worth of legal cannabis during the first year of recreational sales. That’s about $1.13 billion in adult-use purchases, according to state data released by the Department of Health and Senior Services, and another $280 million in medical marijuana transactions. The state launched legal marijuana sales to adults 21 and older in February of last year. Retailers’ best month of the year was December, during which consumers bought $106.5 million in regulated cannabis products. During January of this year, stores sold $94.8 million in adult-use marijuana—lower than any month since last May. Petition to decriminalize marijuana in Dallas Petition to decriminalize marijuana in Dallas If passed, the "Dallas Freedom Act" would also prohibit the city from allocating any budgeted resources for THC concentration tests. The act has support from the Dallas Democratic Party and at least one local justice of the peace. More Videos 0 seconds of 3 minutes, 2 secondsVolume 0% Press shift question mark to access a list of keyboard shortcuts Keyboard ShortcutsEnabledDisabled Play/PauseSPACE Increase Volume↑ Decrease Volume↓ Seek Forward→ Seek Backward← Captions On/Offc Fullscreen/Exit Fullscreenf Mute/Unmutem Decrease Caption Size- Increase Caption Size+ or = Seek %0-9 Next Up Republicans' medical marijuana plan is dead 00:31 facebook twitter Email pinterest Linkhttps://cdn.jwplayer.com/previews/GPHnccHt Copied Live 00:00 01:48 03:02 Medical marijuana sales in Missouri, meanwhile, continue to slide after the opening of the adult-use market. January saw $15 million in medical purchases, down from $37 million in January 2023. Patient applications for the state’s medical marijuana program have also fallen to near-historic lows, as have the number of monthly business licenses issued by regulators. Declines in medical marijuana enrollment and purchasing are common in states after the opening of retail stores, which are often more numerous and don’t require visiting doctors or enrolling in state-run registries. All told, going back to when the state’s first medical marijuana sales began, in October 2020, licensed retailers in Missouri have reported sales of more than $2 billion in legal cannabis products. As of last month, the cumulative total reached $2.05 billion, as noted by Greenway Magazine. “The first 12 months of legal, taxed and tested adult use cannabis sales in Missouri have created thousands of jobs, helped stimulate local economies, wiped out more than 100,000 past criminal records, and provided tens of millions to help care for our veterans,” Andrew Mullins, executive director of the trade association MoCannTrade, said in a press release published by the magazine. “When Missourians voted for marijuana legalization, the Missouri cannabis industry was fully committed to a smooth transition and to bringing economic benefits across the state,” Mullins added. “But never in our wildest dreams did we anticipate the level of excitement and support we’ve received over the past 12 months. This will not only go down as one of the finest criminal justice reforms in our state’s history, but Missouri’s newest billion-dollar industry will also strengthen our economies and communities for years to come.” Comparatively speaking, Missouri’s first year of legal sales was markedly stronger than in some other states. New York, which has seen a slow opening to its adult-use market, saw roughly $150 million during its first year of legal sales. Missouri’s total during its first year was also higher per capita than legal sales in Illinois during 2023. That state, with a significantly more mature cannabis market, saw about $1.6 billion in adult-use sales last year but it home to more than twice as many people. The state has also collected more than $150 million in marijuana-related revenue since medical marijuana became legal, according to a recent presentation by the director of the state’s Division of Cannabis Regulation. During the current fiscal year, which ends in July, Director Amy Moore said the Missouri Veterans Commission is expected to receive about $19 million in revenue from cannabis, which could increase to $22 million next year. To date, nearly $40 million in medical marijuana sales revenue has gone to the commission. Revenue has also funded more than the expungement of 100,000 past marijuana charges from people’s criminal records, though court officials are looking for another $3.7 million to complete the process in the coming budget year. Meanwhile, as the state’s legislative session continues, a bill in the Senate would impose restrictions on intoxicating hemp-derived cannabinoid products, which are currently unregulated but legal because they are considered hemp products. Late last month House lawmakers also held a hearing on a proposal that would legalize the medical use of psilocybin in the state and mandate clinical trials exploring the therapeutic potential of the psychedelic. A separate bill introduced this session would prevent police from using the smell of marijuana as the sole basis of a warrantless vehicle or property search, while another, introduced by a pair of Republicans, is attempting to cut workers’ compensation awards in half for on-the-job injuries if the employee tests positive for marijuana use—regardless of whether the worker was responsible for the incident. An annual report released by the Division of Cannabis Regulation last month found that more than 40 percent of the owners listed on applications for state’s social equity marijuana licenses issued in October were from outside Missouri. > New Jersey Will ‘Reach And Surpass’ $1 Billion In Marijuana Sales In 2024, > Even As Federal Legalization Stalls, Top State Regulator Says Photo courtesy of Mike Latimer. Marijuana Moment is made possible with support from readers. If you rely on our cannabis advocacy journalism to stay informed, please consider a monthly Patreon pledge. Related Topics:featured Don't Miss Missouri Marijuana Company Argues That Workers Are Not Allowed To Unionize Due To Federal Law Ben Adlin Ben Adlin, a senior editor at Marijuana Moment, has been covering cannabis and other drug policy issues professionally since 2011. He was previously a senior news editor at Leafly, an associate editor at the Los Angeles Daily Journal and a Coro Fellow in Public Affairs. He lives in Washington State. YOU MAY LIKE New Jersey Marijuana Sales Officially Top $2 Billion Since 2018, Top Regulator Says, While Encouraging Lawmakers To Explore Home Grow New York State Has Collected Almost None Of Its $25 Million In Fines Against Illicit Marijuana Stores Maryland Committees Take Up Psychedelics And Drug Decriminalization Task Force Bills South Dakota Senate Approves Medical Marijuana ‘Guardrails’ For People On Probation And Parole GOP Congressman Files Bill Directing VA To Update Lawmakers About Psychedelic Medicine Access For Veterans Biden Pushed To Reschedule Marijuana By Veterans And Law Enforcement Groups—Including One That Has DEA Head As A Member Advertisement MARIJUANA NEWS IN YOUR INBOX Get our daily newsletter. Email address: Leave this field empty if you're human: SUPPORT MARIJUANA MOMENT * * * * About Marijuana Moment * Subscribe * Sponsorship and Advertising * Privacy Policy All the cannabis news you need, all in one place. 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