Missouri Sets $125M Monthly Cannabis Sales Record In March

Combined medical and adult-use cannabis sales totaled just under $125 million in March, setting a new monthly cannabis sales record for the state.

Full story after the jump.

Licensed cannabis retailers in Missouri set a new monthly sales record of $124.7 million in March for combined medical and adult-use sales, according to data from the Division of Cannabis Regulation (DCR).

Cannabis retailers recorded $108.7 million in adult-use sales and $16 million in medical cannabis sales. These figures represent month-over-month increases for both markets, as well as a new all-time monthly adult-use sales record. The new record also represents a turnaround for the adult-use market after sales fell in January and February from a previous high in November.

The data also shows that total cannabis sales in the state have totaled $2.29 billion since officials started tracking cannabis revenue in December 2022, one month before the 2023 launch of the Missouri adult-use market.

Over time, medical cannabis sales have trended down in the state as adult-use sales continue to grow.

Meanwhile, Missouri expunged nearly 100,000 cannabis convictions last year under the state’s voter-approved cannabis legalization amendment. Under the law, the state was tasked with expunging all misdemeanor and many felony cannabis convictions except for offenders who were either still incarcerated or under current supervision by the Department of Corrections.

Missouri voters passed the state’s cannabis legalization amendment in 2022, making it the 21st state — and the first Midwestern state — to adopt the reforms.

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