Wednesday, May 7, 2025

Missouri Cannabis Sales Rake in $240 Million in New Tax Revenue Over Past Year

Legal cannabis sales have generated $240.78 million in new sales tax revenue for Missouri state and local governments over the past 12 months. The state government collected $143.30 million, while local governments received $97.48 million, surpassing initial projections significantly.

These figures dramatically exceed the State Auditor’s original estimates following adult-use legalization in November 2022, which predicted $40.8 million in annual state revenue and $13.8 million for local governments. The 2018 medical marijuana program similarly projected modest returns of $18 million for the state and $6 million for local governments annually.

Veterans’ healthcare stands as the single largest recipient of these funds, which come in addition to industry licensing fees and payroll taxes. The revenue figures exclude a recently ruled unconstitutional 3% sales tax that some counties had implemented in incorporated areas.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Related News

SAFE Banking: Will The Vice President Break The Tie? – The Daily Dive feat Thomas Howard

For the final episode of the trading week, The Daily Dive host Cassandra Leah sits...

Friday, March 26, 2021, 01:30:00 PM

Florida Marijuana Group Unveils Revamped Legalization Plan for 2026

The proponents of Florida’s failed recreational marijuana measure have unveiled a revised constitutional amendment for...

Friday, January 17, 2025, 03:48:00 PM

Missouri AG Demands Big Tech To Give Social Media Users Their Choice of Algorithm

The attorney general of Missouri, Andrew Bailey, announced on Tuesday the implementation of a new...

Friday, January 17, 2025, 11:46:00 AM

Fetterman Launches Petition Drive for Federal Marijuana Legalization

Pennsylvania Democratic Senator John Fetterman has initiated a petition campaign urging federal marijuana legalization, calling...

Wednesday, February 26, 2025, 10:04:00 AM

Missouri Threatens to Seize Chinese Assets After $24.5 Billion COVID Judgment

Missouri Attorney General Andrew Bailey has announced (likely futile) plans to seize Chinese-owned assets across...

Friday, March 14, 2025, 02:57:00 PM