Missouri’s ballot measure could mean growth for the marijuana industry, but not everyone will win | KCUR 89.3Posted by On


Missouri’s marijuana industry could soon open wide if voters approve a proposed amendment on the November ballot.

Amendment 3 would legalize cannabis in the state for anyone 21 and older. Businesses that already have a medical marijuana license could apply to convert to a recreational license. And, 144 micro business licenses would be made available for smaller operators looking to enter the market.

If the measure passes, many existing cannabis businesses in the state will be able to rev up sales as the customer pool widens. But some in the industry are concerned that the amendment could create an uneven playing field for newcomers, especially as existing businesses get a head start.

Missouri marijuana dispensaries have brought in more than $494 million since the first stores opened in October 2020. Sales could grow to as much as $900 million annually by 2025 if the market opens up, said Chase Cookson, a professor and researcher at Saint Louis University’s Cannabis Science and Operations Program.

Marijuana_Graphic_MissouriBusinessAlert

The cannabis industry would draw dollars to Missouri, he…

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