$6.5 million in medical marijuana funds transferred to Missouri veterans fund

The Missouri Department of Health and Senior Services (DHSS) transferred $6.5 million in funds from Missouri’s medical marijuana program to the Missouri Veterans Commission. Cumulatively, this transfer from the medical marijuana program makes a total of $46,478,820 transferred to MVC since medical sales began in October 2020. 

Missourians voted in November 2018 to adopt Constitutional Amendment 2, known now as Article XIV. The amendment includes a provision requiring that fees and taxes generated by the medical marijuana program, less operational expenses, be transferred to MVC for health and care services for military veterans. Article XIV states that medical marijuana sold in licensed dispensaries is to be taxed at a rate of 4%. Since dispensary sales began in October 2020, more than $1 billion in medical sales have occurred. 

This transfer of funds does not include those transferred from the adult-use cannabis program. More information about sales and transfers of funds can be found at Cannabis.Mo.Gov or by viewing the latest Missouri Medical and Adult Use Cannabis Annual Report.