Missouri marijuana sales surpass $750 million for the year after strong July
In July 2023, the legal marijuana market in Missouri continued to demonstrate its strength, with monthly sales reaching an impressive $123.2 million.
This signifies the sixth consecutive month where dispensaries within the state have surpassed the noteworthy $100 million threshold in combined sales.
Since the initiation of legal medical marijuana sales in October 2020, Missouri has now achieved cumulative sales of over $1.35 billion.
With total sales amounting to $752.5 million through July 2023, the Missouri market continues to see sustained growth.
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Breaking down the figures further, recreational sales have been the driving force behind the explosive growth of marijuana sales in 2023. Year-to-date recreational sales have tallied an impressive $542.70 million. In July adult use sales reached an impressive $98.70 million for the month. While medical marijuana sales have waned in recent months, medical marijuana still maintains a solid presence in the market. Total medical sales for the year up to July have amounted to $209.80 million, for the month of July, medical sales accounted for $24.50 million.
July witnessed a 1.57% increase over the previous month of June.
Missouri sales have been projected to exceed $1.4 billion in 2023 alone.
While the market continues to experience strong growth and great success, a recent administrative hold and recall by Missouri Division of Cannabis Regulation could dampen those projections.
More than 62,000 products are included in the recall.