The state’s health department is offering a chance for Missourians to become entrepreneurs in the cannabis industry.
It’s been six months since recreational cannabis sales went live in Missouri. Since then, the state has sold roughly $4 million of legal weed a day, totaling nearly $600 million. Part of Amendment 3 that voters approved back in November 2022 included language creating microbusiness licenses, and the idea behind it is to boost opportunities in disadvantaged communities.
“It was surprising to me just how popular this program was. Just how many people were interested in access,” director of Missouri’s Division for Cannabis Regulation Amy Moore said. “The way I would describe these licenses is they are small businesses. Missourians know what a small business is. They know it can be challenging, but it can be incredibly rewarding and a great opportunity.”
Following voter approval, the state offered comprehensive licenses to facilities already open, allowing them to sell medical and recreational weed. Moore says at least 95% of the medical facilities applied for the new license.
Next month, the Missouri Lottery will pick six winners from each of the state’s eight congressional districts for a total of 48 new small business licenses.
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