{"id":12399,"date":"2023-03-21T10:26:35","date_gmt":"2023-03-21T10:26:35","guid":{"rendered":"https:\/\/ultimatehealthreport.com\/what-has-missouris-adult-use-market-shown-us-so-far\/"},"modified":"2023-03-21T10:26:35","modified_gmt":"2023-03-21T10:26:35","slug":"what-has-missouris-adult-use-market-shown-us-so-far","status":"publish","type":"post","link":"https:\/\/ultimatehealthreport.com\/what-has-missouris-adult-use-market-shown-us-so-far\/","title":{"rendered":"What Has Missouri’s Adult-Use Market Shown Us So Far?"},"content":{"rendered":"
\n<\/p>\n
Missouri\u2019s recreational market just launched in February and it\u2019s booming. Statewide cannabis sales in February alone surpassed $100 million. <\/p>\n
This is over twice what was brought in after the initial month of sales in Illinois, a state with double the population of Missouri. Knowing this, it seems as though the \u201cShow Me State\u201d is showing the nation how recreational cannabis should be implemented for a successful launch.<\/p>\n
So why is Missouri\u2019s recreational cannabis market doing so well? How are they outselling the Illinois market?\u00a0<\/p>\n
First, the Missouri legislature did a great job of rolling out the regulations. Taxation is low, 6% at state level and a max of 3% more at a local level.\u00a0 <\/p>\n
Second, the state got nearly all of its medical operations (97%) to join the adult-use market. The third potential reason boils down to geography. <\/p>\n
Missouri is mostly surrounded by states where cannabis is not legally available yet, aside from Illinois, where the taxes are high, regulations are complex and there\u2019s a very onerous licensing process.<\/p>\n
On every major metric, MO successfully rolled out a brand new recreational cannabis market. Missouri also gets a thumbs up in my book from a product safety, regulatory perspective. MO regulators did what we wish more regulators would do; they listened to experts in the industry.\u00a0<\/p>\n
Cannabis, or consumables in general, do not live in a vacuum. Consumables are consumables, and demand is demand, no matter the market. Missouri learned from the earlier adopters and enacted what was successful. <\/p>\n
After participating in many \u201cpublic comment\u201d sessions in other states it is obvious that MO actually listened to industry leaders, as they should\u2019ve, during this time.\u00a0<\/p>\n
Not only did Missouri learn from early adopters, the state created new paths for success for other states to consider. Missouri set a new precedent by listening to cannabis safety experts when other legal states didn\u2019t. <\/p>\n