Missouri Cannabis Industry Marks $30.94 Million in Sales for June

July 22, 2022
AggregatedNews
Missouri
0 Comments

It’s the fourth month in a row that sales have topped the $30 million mark

For the fourth month in a row, Missouri’s medical marijuana industry has raked in more than $30 million dollars in cannabis sales, according to June numbers released by the Department of Health and Senior Services.

Missouri cannabis dispensaries did $30.94 million in sales last month, DHSS reports, bringing the total amount of money brought in by the industry to $393.09 million to date.

That’s a serious chunk of change, to be sure. But there are signs that growth is beginning to level off. Since October 2020, when the first dispensaries in the state opened their doors, growth in retail sales of weed has been fairly steady, besting the previous month’s numbers with nearly every new report. But with three months of similar sales numbers, it appears to have hit a plateau.

At the same time, June saw the number of new patient applications fall for the third consecutive month, adding only 2,611 new patients. But while new applications are trending downward, renewals are up significantly and have been climbing steadily. DHSS issued 7,338 renewals in June, compared to only 4,779 in February. As of the end of June, Missouri had 187,018 active, card-carrying patients. [Read More @ Riverfront Times]

This Post Has 0 Comments

Recent Stories

So You Want to Be a Cannabis Lawyer

By Vince Sliwoski, Attorney at Harris Bricken I like being a cannabis business lawyer. It took a while for me to get there. I certainly didn’t think I would be doing this while I was in law school, or at the start of my career. Like a lot of things in life, it just sort…

French Senators Petition Macron’s Government For Urgent Cannabis Reform

OVER 30 senators from the Socialist, Ecologist and Republican group have called for the launch of a consultation process to introduce new laws to legalize cannabis in France. The co-signed letter from 31 senators, published in the Le Monde newspaper explores several options for the legalization of cannabis – and rejects the notion of decriminalization, saying…

New Jersey Marijuana Prices Expected To Drop As Market Expands

In its first 70 days of being a legal market in New Jersey, recreational marijuana collected close to $80 million in total sales, according to the latest figures. Folks involved with ramping up the industry expect that number to grow as time goes on, and for consumers to experience more options and more affordable prices…

Cilicon Partners with Vape-Jet to Offer an Intelligent & Integrated Vaporizer Solution

PRESS RELEASE Cilicon, a global provider of cannabis vape hardware, and Vape-Jet a U.S. -based infrastructure platform for cannabis oil-filling, announced today that they have formed an official partnership to provide an intelligent one-stop product solution for cannabis brands around the world. Based on a mutual understanding of the value of technology orientation for business growth…