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.
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US: Missouri medical cannabis sales pass $200M as industry continues to grow
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