Recreational pot sales in MO top $8M in first weekend
MISSOURI (KMOV) -- Marijuana dispensaries in Missouri sold nearly $8.6 million of recreational marijuana in the first weekend of sales.
The Missouri Department of Health and Senior Services said Monday the number is preliminary and could change due to data processing time and other reasons. Medical marijuana sales for the same period totaled $4,189,000. Both recreational and medical combined for $12,689,000.
With the 6 percent tax imposed on recreational marijuana in the state, tax revenue totaled around $510,000 for the first three days. Municipalities may add an additional 3 percent tax for recreational pot.
“Since we passed recreational [marijuana], we’ve been preparing for this day, so speeding it up a few days... We had to get flexible with our staffing,” Proper Cannabis Co-Founder Matt LaBrier said. “Buy-and-large, we were ready from a product standpoint and a process standpoint.”
Medical marijuana in Missouri is taxed at 4 percent.
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