Missouri Cannabis Sales Total $113M in October

Missouri cannabis retailers sold $113.1 million worth of adult-use products in October, according to data from the state Department of Health and Senior Services.

Full story after the jump.

Cannabis sales in Missouri totaled $113.1 million in October, according to Department of Health and Senior Services data. In all, adult-use cannabis sales reached $95.5 million with medical cannabis sales topping $17.6 million.  

According to state data, medical sales were about $2 million less than the previous month and have been on the decline every month since March, when sales reached $32.7 million. In April, sales dipped to $30.1 million, then to $28.3 million in May, to $26 million in June, to $24.5 million in July, and to $22 million in August.

Adult-use sales in the state have ebbed from month to month but were down about $2.3 million from September to October. September sales totals increased about $1.2 million from the previous month but dipped about $1.7 million from July to August. July’s totals were up about $3.5 million from June and the state has seen at least $90 million in sales every month since March.  

The state collects a 6% sales tax on adult-use cannabis products and a 4% tax on medical cannabis products. Most of the taxes collected go to veterans’ services – which has so far totaled nearly $40 million – while some of the adult-use sales tax goes toward expungement expenses, which has led to the expungement of nearly 100,000 cannabis convictions to date.  

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