Missouri officials on Thursday transferred more than $6.8 million derived from cannabis taxes in the state to the state Veterans Commission as required under the state’s medical cannabis law. In all, the commission has received $8.9 million from cannabis-derived taxes, according to the state Department of Health and Senior Services (DHSS).The agency said that, since October 2020, the state has sold more than $113 million of medical cannabis. Those sales are taxed at 4%, but the first transfer of funds—$2.1 million—to the Veterans Commission came from industry fees.
Lyndall Fraker, director of the Section of Medical Marijuana Regulation with DHSS, noted in a statement that there are more than 140 dispensaries throughout the state and that regulators “are very pleased to see their sales revenue where it is.”
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