Missouri Transfers More Than $23M in Cannabis Tax Revenue to Veterans, Health Agencies – Ganjapreneur | How to order Skittles Moonrock online
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Mon / Mar 31st
by TG Branfalt
Missouri officials last week transferred more than $23.3 million in cannabis taxes. Half of the funds went to the Missouri Veterans Commission, the other half went to the Department of Health and Human Services for a drug treatment program.
Full story after the jump.
The Missouri Department of Health and Senior Services (DHSS) last week transferred more than $23.3 million in funds from adult-use cannabis sales to agencies outlined in the state’s 2022 voter-approved initiative.
DHSS sent about $11.7 million to the state’s Missouri Veterans Commission, which is used exclusively for health care and other services for military veterans and their dependent families.
DHSS received the same total – $11,681,984 – for a drug treatment program. The program is an evidence-based, low-barrier drug addiction treatment which prioritizes medically proven treatment and overdose prevention and reversal methods and treatment options. The program focuses on reintegrating recipients into their local communities, to support overdose prevention education, and to support job placement, housing, and counseling for those with substance use disorders.
Under the constitutional amendment approved by voters, adult-use cannabis sales carry a 6% tax. In November, a state Appeals Court ruled that local governments could no longer “stack” cannabis sales taxes, which had imposed rates as much as 20.988% in some municipalities.
According to DHSS data, adult-use cannabis sales in the state totaled about $108.2 million in January and $102.5 million in February.
So far, the Missouri Veterans Commission has received about $49.7 million from cannabis-derived taxes.
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