Medical marijuana sales began in Missouri after voters approved legalization two years ago.
Dispensaries in the St. Louis area reported strong interest as Missouri became the 34th state to launch a full-blown MMJ program.
MJBizDaily takeaway: Put another pin in the U.S. map of states that have legalized medical cannabis. The Marijuana Business Factbook estimates sales in Missouri could hit an estimated $650 million a year by 2024.
It’s too early to predict what could happen in the state by way of adult use. But if this chart is any indicator, recreational cannabis might be on its way to Missouri sooner rather than later.
Baby steps in Virginia
On a much more limited scale than Missouri, Virginia opened its first medical marijuana dispensary.
Medical marijuana products in the state are limited to oils, edibles and vape cartridges with single doses capped at 10 milligrams of THC.
MJBizDaily takeaway: The 2020 Marijuana Business Factbook projects medical cannabis sales in Virginia will reach $45 million-$55 million by 2024, or well below those of Missouri.
But Virginia’s new market is another sign that the wall against marijuana legalization is eroding in the South.
On top of that, smokable flower is expected to be added to the MMJ product offerings in the new future, which could significantly boost sales.
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