Cumulative gross sales of authorized, regulated medical and adult-use marijuana in Missouri surpassed $1 billion as of early Could.
The gross sales milestone for medical and leisure marijuana was reached on Could 2, in keeping with Columbia TV station KOMU, citing data from the Missouri Division of Hashish Regulation.
State authorities information exhibits April gross sales included $30.1 million of medical marijuana and $91 million of adult-use hashish for a complete of $121.1 million.
That compares with $126.2 million in authorized hashish gross sales in March.
Missouri hashish gross sales may very well be price as much as $505 million in 2023, in keeping with projections from the 2023 MJBiz Factbook.
The state’s regulated adult-use marijuana market launched in February and has confronted a number of the normal early challenges for brand new leisure markets similar to provide shortages and excessive costs.
Missouri’s medical marijuana market launched in October 2020.