Tag: missouri
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What Cannabis Courses Does Metropolitan Community College In Kansas City, Missouri Offer?
Missouri is currently home to one of the largest and fastest-growing legal cannabis markets in the United States. According to cannabis data company Headset, “Missouri’s cannabis market has shown a steady growth trajectory over the past two years, with total sales reaching approximately $123.3 million in July 2024.” “The industry also added roughly 4,000 jobs…
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Missouri Transfers Nearly $11 Million In Cannabis Tax Revenues To State Agencies
Earlier this week, the Missouri Department of Health and Senior Services transferred nearly $11 million in cannabis industry-generated tax funds to state agencies. The reported $10,918,344 in funds was divided evenly between the Department of Health and Senior Services, the Missouri Veterans Commission, and the Missouri State Public Defender. “This fund distribution is part of…
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Missouri’s Legal Cannabis Industry Sold $119.58 Million Worth Of Products In June 2024
Missouri’s licensed cannabis dispensaries sold roughly $119.58 million worth of legal cannabis products in June 2024, a slight decrease from the previous month when the state’s legal cannabis industry sold over $123 million worth of products. “Missouri saw $14.64 million in medical marijuana sales, the lowest mark in three years and the first time since…
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University Of Missouri Researchers Suggests Using Hemp To Boost Grazing Pastures
Frequent droughts in Missouri in recent years have livestock producers exploring different crops that may be more adaptable for summer pasture options compared to common pasture crops. Researchers at the University of Missouri have studied hemp for this purpose, and their findings are promising. The hemp plant uses considerably less water to produce a solid…
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Missouri Cannabis Industry Tax Revenues Projected To Reach $238 Million In 2024
The Missouri Cannabis Trade Association is projecting that combined state and local tax revenue generated from legal cannabis sales in the State of Missouri will reach an estimated $238 million in 2024. “The association reported total sales of $2.5 billion since the products were first legalized in 2020, resulting in $370 million in state and…
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Legal Missouri Cannabis Sales Reached $123.7 Million In May 2024
Legal adult-use cannabis sales launched in Missouri in February 2023, and in less than 30 days Missouri’s then nearly 200 dispensaries made roughly $72 million in sales. Missouri’s medical cannabis sales added an addition $31 million to the total amount of legal sales in Missouri during the period. Per original reporting by Marijuana Moment, during the first…
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How Many Cannabis Microbusiness Licenses Has Missouri Issued?
Missouri’s Division of Cannabis Regulation recently posted the results of a random lottery drawing it conducted to award cannabis microbusiness licenses to qualified entities. It was the second of three expected rounds of microbusiness licenses to be awarded, per Article XIV, Section 2 of the Missouri Constitution. “More than 2,000 applicants applied between April 15-29.…
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Missouri’s Legal Cannabis Industry Has Generated $19 Million For Veterans, Treatment, Public Defenders
Legal adult-use cannabis sales launched in Missouri in February 2023 (approved by voters in 2022), and in less than 30 days Missouri’s then nearly 200 dispensaries made roughly $72 million in sales. Missouri’s medical cannabis sales added an addition $31 million to the total amount of legal sales in Missouri during the period. Since Missouri’s…
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Missouri Transfers $15.2 Million In Cannabis Industry-Generated Tax Funds
A major benefit to permitting a regulated cannabis industry to operate is the legal industry’s ability to generate taxes and fees. Those taxes and fees can then, in turn, be used for public efforts that support all members of society, not just cannabis consumers. Missouri is a state that has legalized adult-use cannabis sales, and…
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Study Finds That Louisiana Collected Nearly $1 Million In Cannabis Taxes In 2023
Technically, Louisiana passed a medical cannabis therapeutic measure back in 1978 (Act No. 725). However, that law never became operational since the Louisiana Department of Health never followed through with the law’s mandate to source cannabis for approved cancer and glaucoma patients. The law has since been amended several times over the years. “Initially, Louisiana’s…