Missouri became the 32nd state in the country to legalize medical cannabis when voters approved Amendment 2 on the ballot on November 6, 2018:

The measure allows patients with cancer, HIV, epilepsy and other conditions access to marijuana. It also permits use by veterans suffering from post-traumatic stress disorder. The measure will tax the sale of medical cannabis at 4 percent and allocate revenue from the tax toward providing healthcare services for military veterans.

The Missouri Department Health and Senior Services (DHSS) began accepting license application fees for medical cannabis cultivation, infused product manufacturing and dispensaries on Jan. 5, 2018. There is a $10,000 fee for a cultivation application, a $6,000 fee for a medical cannabis-infused products manufacturing application and a $6,000 fee for a dispensary application, according to the DHSS application.

The medical cannabis law requires DHSS to grant at least 61 cultivation licenses, 87 manufacturing licenses and 192 dispensary licenses.

On July 4, 2019 the DHSS will start accepting patient/caregiver ID applications and on August 3, 2019 the Department will start accepting applications and handing out facility licenses.

New Frontier Data projects Missouri’s annual sales of medical cannabis to reach $111 million, with an estimated 2,800 cannabis-related jobs created in the state by 2025 while according to a Marijuana Business Daily projection, Missouri’s medical cannabis program could generate $175 million-$275 million in annual cannabis sales within several years of the state’s first dispensary opening.

We offer Cannabis Financial Models and Cannabis Business Plan Templates for growing, processing, retail and vertically integrated cannabis business in Missouri.