Missouri’s Blooming Marijuana Industry: A Look at the Numbers
- Seven months in, the market has already sold over $715 million of marijuana.
- A staggering $550 million comes from the sale of adult-use products.
A Skyrocketing Start
Missouri’s marijuana industry has proven to be an economic force to reckon with, generating over $715 million in sales barely 7 months since the initiation of recreational sales in February. In perfecting the art of going green, this sector’s high-flying start is indicative of the growing societal acceptance and appetite for marijuana products.
The Dominance of Adult-use Products
Diving into the numbers, it’s clear that adult-use products are the industry’s golden goose. Accounting for nearly $550 million of the monster sales total, recreational marijuana sales are burning bright in the Show-Me State, showing the shifting attitudes towards marijuana use and its benefits, both for pleasure and therapeutic purposes.
The Breezy Take
Missouri’s marijuana industry is off to a record-breaking start, with sales surpassing what many initially anticipated. The significant dominance of adult-use products, amounting to almost $550 million in sales, underscores a societal shift towards a more open acceptance of recreational marijuana use. Given the current trend, we can expect this sector to continue to blossom, projecting a future of green – both in the product they sell and the revenue they rake in.
Original article: https://news.stlpublicradio.org/economy-business/2023-08-28/missouris-cannabis-industry-is-rolling-after-early-supply-constraints-eased
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