Missouri posts record medical marijuana sales of $16.4 million in June

Women, minority execs show few gains in U.S. cannabis industry, according to the latest data from the MJBiz Diversity, Inclusion and Equity Report. Get your copy here.

Missouri’s medical marijuana dispensaries sold nearly $16.4 million worth of product in June, bringing the yearly total in the state to more than $70 million.

Medical marijuana sales in Missouri launched in October 2020, and 126 dispensaries are now selling cannabis across the state, according to Quincy, Illinois, TV station KHQA.

A total of 201 medical cannabis businesses, including manufacturers, laboratories and transporters, operate in Missouri.

In all, 375 facilities have medical marijuana permits.

The market could reach $225 million-$300 million in sales this year alone, according to the 2021 MJBizFactbook.

Missouri’s MMJ program has had its share of hiccups, however.

In a recent development, a federal judge in Missouri ruled in favor of a Pennsylvania investor who sued regulators over a residency requirement for MMJ business owners.