Home Uncategorized Missouri Cannabis Industry Marks $30.94 Million in Sales for June

Missouri Cannabis Industry Marks $30.94 Million in Sales for June

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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]

The post Missouri Cannabis Industry Marks $30.94 Million in Sales for June appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.

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