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Missouri legal retailers reported selling over $1.3 billion worth of medical and adult-use marijuana last year, according to state sales figures.
Missouri Department of Health & Senior Services Data shows that adult-use marijuana sales reached approximately $1.04 billion in 2023.
Retailers reported a record $106.5 million in adult-use cannabis sales in December, breaking the previous record of $98.7 million set in July.
Medical cannabis sales for the year were about $302.2 million.
The total is approximately in line with MJBizDaily projections and the business association MoCannTrade.
The 2023 MJBiz Factbook predicted $800 million in recreational sales and $500 million in medical cannabis for a total of $1.3 billion.
The disparity between adult-use and medical suggests that Missouri medical cannabis patients are transitioning more quickly to adult-use dispensaries.
The $16.8 million worth of medical cannabis sold in December is the second-lowest total for the year, after the $16.4 million sold in November.
Medical marijuana sales have steadily declined from a peak of $37 million in January, the last month recreational cannabis was not available.
Cross-border demand continues to play a role in Missouri, which launched adult-use sales in February after voters approved a legalization measure in November 2022.
Retail outlets near bordering Arkansas, Kansas and Oklahoma are seeing steady growth, Mark Hendren, the co-owner of Flora Farms, told KY-3 last month.
Missouri marijuana dispensaries are also seeing customers travel from Illinois, where adult-use cannabis has been available since January 2020 – but is also taxed more heavily, Hendren added.
Missouri is poised to add more retail capacity this year through an additional round of microbusiness licenses.
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