Fourteen months after the first sale to a qualified patient, the state’s medical marijuana cannabis industry has eclipsed a major milestone, according to the Missouri Department of Health and Senior Services.
The state’s 180 dispensaries have recorded more than $200 million in total sales.
Kathleen Beebe, a spokeswoman with Missouri Health and Wellness, said the growth in the cannabis industry is best seen in the number of new patients enrolling in the statewide program. “There are 160,000 (medical cannabis) cardholders in Missouri right now, which is just a remarkable number for the program,” Beebe said. “As people continue to gain an understanding of how this plant could help them, I would anticipate that this number is going to dramatically increase.”
Among those businesses are SLCC, LLC, which is approved to operate a manufacturing plant in Robertsville and Midwest Root, which is preparing next month to open the initial phase of what could be a 30,000-square foot manufacturing facility on Old Highway 100 outside of Washington.
Chris Klein, of St. Louis, owns Midwest Root. He said he intentionally delayed his company’s debut on the market, which will be marketed as Olympus Cannabis Company, because of delays within the industry. “I didn’t want to make a product and have it run out on the shelves,” Klein said. “It has taken cultivators some time to get online, and now that they are online and producing a steady stream of product that means we can move forward. 2022 is going to be a year of a lot of growth in the cannabis industry.” Klein said if he receives a cultivation license then his company’s footprint in Washington will 'grow tremendously'. “Cultivation requires a lot more space, a lot more hands as people will be checking plants daily,” Klein said.
To read the complete article, go to www.emissourian.com
Announcements
Job Offers
Top 5 -yesterday
- World's first 0% THC, high CBD hemp cultivar enters U.S. market
- “Good environmental control is the way to stay ahead of the competition”
- Hexo cuts costs, optimizes company's structure to pick up momentum
- Educational webinar on indoor cannabis cultivation
- "Our goal is to be the largest scale producer of high quality flower in the US"
Top 5 -last week
- “Aquaponics makes our cannabis plants healthier and more resistant to diseases”
- What goes into lighting design and where to start?
- How do microclimates impact indoor cannabis cultivation?
- "High-tech greenhouses are extremely effective for medical cannabis"
- “Many growers use underperforming lights for the vegetative stage”
Top 5 -last month
- Environmentally responsible MMJ cultivation in South Africa's oldest farming town
- “Aquaponics makes our cannabis plants healthier and more resistant to diseases”
- "The US cannabis hype is over, bad news for greenhouse constructors"
- Our best read articles of 2021
- Improving stone wool and lighting recipes to optimize propagation
US: Missouri medical cannabis sales pass $200M as industry continues to grow
Publication date:
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2022-01-24 "Paying in local currency could save European plant exporters plenty of money"
- 2022-01-24 US (NY): "State will generate more than $1.25 billion in cannabis revenue over next six years"
- 2022-01-24 "States must lay tech foundation for cannabis growth"
- 2022-01-19 "Agriculture and horticulture unjustly underexposed in robot report"
- 2022-01-19 Russia: Preferential lending to agricultural producers
- 2022-01-18 Irish CBD industry bids to loosen state shackles in series of high court actions
- 2022-01-17 More Dutch agricultural and horticultural companies stopped in December 2021
- 2022-01-13 A fully standardized product, but with different prices. How come?
- 2022-01-12 “The SAFE Banking Act will not be a universal solution to existing problems”
- 2022-01-07 “For too long, the cannabis industry has been unable to obtain loans"
- 2022-01-06 US: Federal cannabis monopoly ends as two companies harvest cannabis for research
- 2022-01-06 US (MT): MMJ patients brace for shortages as recreational market opens
- 2022-01-06 Academics argue that regulations are obstructing Canadian cannabis research
- 2022-01-05 "There is great value in Germany’s proposed legislation of Cannabis"
- 2022-01-05 What does a cannabis testing lab do?
- 2022-01-05 Colombia orders all medical insurance providers to cover cannabis
- 2022-01-04 US: Missouri medical cannabis sales pass $200M as industry continues to grow
- 2022-01-03 NZ: Medicinal cannabis industry now in delivery phase
- 2022-01-03 Our best read articles of 2021
- 2021-12-24 "Competition in the lighting industry keeps us sharp"
