Mimea Herbal Community Forums News High Stakes: How Missouri's Booming Cannabis Industry is Stealing Customers Away from Illinois

  • High Stakes: How Missouri's Booming Cannabis Industry is Stealing Customers Away from Illinois

    Posted by bevon on April 7, 2023 at 3:57 pm

    The number of out-of-state buyers coming to Illinois for cannabis dropped in March, which could be attributed to neighboring Missouri’s booming recreational market luring customers away. Missouri has sold over $229 million worth of cannabis in just two months since allowing adult cannabis sales, making it one of the top ten cannabis markets in the U.S. Missouri’s program is considered to be one of the most customer-friendly in the country and is set to have a positive impact on the state’s economy.

    Comparatively, Illinois generated less than $60 million in cannabis sales in its second month of adult-use sales, but retailers still raked in $134.8 million in sales for the month. However, Illinois saw nearly 17% fewer sales from nonresidents in March versus last year, up from the 15% drop in February. Cannabis stores located near the Missouri border in Illinois experienced a more significant decline. The overwhelming success of Missouri’s launch led many local governments to consider implementing their taxes on recreational marijuana sales. Additionally, over 15,000 past nonviolent cannabis offenses have already been automatically expunged following the passage of Amendment 3 in November.

    https://www.greenmarketreport.com/missouri-continues-to-siphon-customers-from-illinois/

    bevon replied 1 year, 2 months ago 1 Member · 0 Replies
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