Legislative estimates suggest Missouri’s vote to legalize medical marijuana could open the door to an industry that generates $100 million in annual sales. But that won’t happen overnight.
Late 2019 or early 2020 is likely the earliest people in the state will be able to obtain medical marijuana, according to Mason Tvert of the Marijuana Policy Project, which advocates for marijuana legalization.
Voters probably ensured a quicker path to the first sales in the state by approving just one of three medical marijuana measures on Tuesday’s ballot. Passage of multiple measures could have led to a protracted court battle.
Advocates also discussed expectations of the numbers of licenses to be issued to businesses involved in the industry:
- Dispensaries – At least 192 licenses, or 24 per congressional district
- Cultivation – At least 61 licenses
- Production of “marijuana-infused products” – At least 82 licenses