skip to Main Content
Missouri Businesses Look to Profit From Medical Marijuana

Bennie Palmentere has been looking for warehouse space lately.

The shelves at River Market Hydro, Palmentere’s small gardening store, are already stacked high with fans, grow lights and row after carefully placed row of plant food.

The urban hipster movement toward growing more food at home has already been good for business. Now Missouri is about to add a new cash crop to the mix: legal medical marijuana.

“Growing is growing. I don’t care what you’re growing,” Palmentere said “Our business is to teach people to grow. This helps us, because it’s basically allowing people to grow plants. If it was orange trees, it would help us too.”

Missourians approved medical marijuana with 65 percent of the vote in November. And while there may be some disagreement about the wisdom of that vote and whether cannabis in its raw form should be considered medicine, there’s no argument over the business opportunity.

Missouri will be doing about $111 million in annual medical marijuana sales by 2025, according to New Frontier Data, an analytics firm that has studied some of the 30-some other states that legalized before Missouri. [Read more at US News & World Report]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published.

Recent Stories

Washington Liquor and Cannabis Board to formally use ‘cannabis,’ not ‘marijuana’

The Washington State Liquor and Cannabis Board on Wednesday morning adopted a motion to implement 2022 legislation replacing the word “marijuana” with “cannabis” in state law. House Bill 1210 makes the switch in terminology to combat what it calls the historical racism associated with the word “marijuana.” After passing the Legislature unanimously, HB 1210 was signed…

Court of Appeals issues last-minute hurdle to Nebraska medical marijuana petition

The U.S. 8th Circuit Court of Appeals ruled over a lawsuit filed by the American Civil Liberties Union of Nebraska on behalf of Nebraskans for Medical Marijuana. The court overturned a federal judge’s previous decision regarding the constitutionality of a ballot qualification required by the state of Nebraska. The ballot qualification requirement, listed in the…

Bowser signs bill allowing adult DC residents to self-prescribing medical marijuana

D.C. Mayor Muriel Bowser signed into law Wednesday an emergency bill allowing residents 21 and older to self-prescribe medical marijuana. Effective immediately, under the new law, residents over 21 no longer need a doctor’s recommendation for a medical marijuana patient card, which was required to enter and make purchases at one of the city’s seven medical…

Minnesota Inadvertently Allows Unregulated Intoxicating Cannabis Edible Products

By Ian A. Stewart As of July 1, 2022, unregulated intoxicating THC products derived from hemp have been legalized in Minnesota, apparently as the result of confusion by state legislators about the new law’s actual effect. Although the express intent of the statute is to allow the sale of products that contain so-called “non-intoxicating cannabinoids”…

More Categories

Back To Top
×Close search