Missouri residents love their medical marijuana.
Well, the majority of Missouri residents that is.
Medical marijuana laws were passed with the support of over 65% of voters in 2018 under Missouri Amendment 2. Since MMJ products were first introduced to the public market in 2020, sales have continued to steadily increase.
But, just how popular is medical weed in Missouri?
Pretty dang popular.
Here we’ll take a deeper look at how popular Missouri’s medical marijuana program really is.
Check it out.
The Popularity Of Medical Weed In Missouri
On June 28, 2019, the Missouri Department of Health and Senior Services (DHSS) began taking medical marijuana patient applications. More than 4,000 Missouri residents applied for their medical card that first month.
By the end of 2020, there were more than 68,000 Missouri medical marijuana patients, according to the Missouri Medical Marijuana Regulatory Program (MMRP) 2020 Annual Report. During that first full year, an average of 5,374 people filed to become Missouri medical marijuana program patients.
By the end of 2021, some 14 months after Missouri medical marijuana sales started, there were over 158,000 Missouri marijuana cardholder residents.
According to a May 2022 press release from the MMRP, there have been more than 185,000 medical marijuana cards issued since the start of Missouri medical marijuana program.
Needless to say, medical weed in Missouri is pretty darn prevalent. While there are only approximately 200,000 MMJ patients out of a population of 6.1 million people, Missouri medical card patient numbers continue to increase steadily.
And those that claim Missouri marijuana cardholder status are bringing some serious revenue to the Show-Me State.
Here’s What Missouri Marijuana Revenue Looks Like
Just how much money is medical weed in Missouri worth?
Quite a pretty penny.
Cannabis Business Times recently reported that since the start of medical weed in Missouri sales, total Missouri marijuana revenue had reached almost $336 million by April 2022. This number was up roughly 12% from March 2022.
Just a year prior to this, Missouri medical marijuana revenue was at about $38.5 million. In just one year, medical marijuana sales in Missouri increased 773.3%.
According to recent data from the Missouri DHHS, sales of MMJ in Missouri are steadily increasing. In October 2022, cumulative sales from Missouri medical marijuana dispensaries reached $529.5 million. This was up from $494.14 million in September and $459.81 million in August.
Between October 2012 and October 2022, dispensary sales increased by almost $300 million. It seems that each Missouri medical marijuana patient has their priorities straight when it comes to where they spend their hard-earned cash.
As of March of this year, $12 million in tax revenue from Missouri medical marijuana sales has been generated since the Missouri medical marijuana program started.
What’s The Future Look Like For Missouri Medical Marijuana Revenue?
The future of money made from Missouri medical marijuana looks bright.
In a recent report that analyzed the Missouri medical marijuana market, it was determined the Missouri MMJ market is expected to expand at a compound annual growth rate (CAGR) of 22.7% from 2022 through 2030.
Some of the biggest reasons for the steady expansion in Missouri medical marijuana patient numbers that will contribute to the increase of sales include: increased research of marijuana’s health benefits, increased medical marijuana patient knowledge, and an increase in chronic medical conditions.
If medical weed in Missouri continues on this upward trend, MMJ revenue in Missouri is projected to hit $2.02 billion by 2030.
How Elevate Holistics Can Help You Become A Missouri Marijuana Cardholder
If you’re not a Missouri medical marijuana patient yet, we’d love to help you take the leap.
Our mission at Elevate Holistics is to provide patients with the safest and most helpful path to start their cannabis journey. If you’re interested in becoming a Missouri medical marijuana patient, we’re here to make sure the process is as simple and easy as possible.
We believe that people should have the opportunity and freedom to give their body the natural medicine it deserves. Becoming a medical marijuana patient makes it possible to take control over your own health and live a more natural life.
Want in on medical weed in Missouri? Contact us today to see how easy it can be.