With $25.95 million in sales for November, industry on target to exceed $200M in 2021

Missouri medical cannabis sales broke a monthly mark for the sixth straight time in November as the industry aims to top  $200 million in cumulative sales for 2021.

The $25.95 million in sales last month brings the total amount purchased by medical cannabis patients in Missouri to more than $186 million since the first dispensary opened in mid-October 2020. At that growth rate, the industry should easily exceed $200 million in retail sales for 2021, its first full year of operation.

“In retail, December sales are often the highest of the year – and we similarly expect another strong month to cap what has been a historic year for both Missouri’s medical cannabis license holders and most importantly, patients, ” said Andrew Mullins, executive director of MoCannTrade (The Missouri Medical Cannabis Trade Association).

The Missouri Department of Health and Senior Services through Friday had approved the opening of 179 dispensaries, 56 infused product manufacturers, and 40 marijuana cultivation facilities. Overall, more than 300 such facilities have so far been approved to approved to operate,

The state agency has licensed and certified a total of 385 facilities  to cultivate, manufacture, test, transport and dispense medical marijuana to Missouri patients.

Through Monday, the state reports issuing 5,833 of the required state agent ID cards to work in medical cannabis facilities. All but 200 of those jobs have been added in the past year.

Missouri also continues to see steady increases in medical marijuana patient enrollment, with nearly 160,000 Missouri patients and caregivers now licensed by the state.

Under Article IX of the state Constitution, Missouri residents with cancer, epilepsy, glaucoma and 20 other qualifying conditions can purchase or cultivate medical cannabis with a physician’s certification. The law also provides physicians with the discretion to certify patients who have other chronic and debilitating medical conditions that could benefit from medical marijuana, and legally protects their right to have such conversations.

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MoCannTrade (The Missouri Medical Cannabis Trade Association) is an association of business owners, health care providers, professionals, patients and residents responsible for helping to implement a successful, safe, compliant medical marijuana program in Missouri.

The membership-based association is directed by a board of diverse professionals experienced in medical marijuana, healthcare, law, pharmaceutical, science, agriculture, law enforcement, security, commercial real estate, finance, public affairs and regulatory sectors.

To learn more about MoCannTrade please visit www.mocanntrade.org

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