Missouri Transfers Almost $7M in Cannabis Revenue to Veterans

High Times

The Missouri Department of Health and Senior Services said Thursday that it had initiated the second required transfer of revenue from the state’s new medical marijuana program to the Missouri Veterans Commission. The total amount of funds transferred is $6,843,310, more than the first transfer in September of last year, which came to $2,135,510. The transfer of the funds is required under the constitutional amendment legalizing medical marijuana that Missouri voters approved in 2018. A provision under the amendment, which is now known as Article XIV, requires “that fees and taxes collected by [Missouri Department of Health and Senior Services] for the medical marijuana program, less operational expenses, should be transferred to the [Missouri Veterans Commission] for health and care services for military veterans,” the agency said in a press release on Thursday. The department said it has “collected fees related to facility and patient licensing,” and that “Article XIV states that medical marijuana sold in licensed dispensaries will be taxed at a rate of 4%.” Article XIV states that the remainder of medical marijuana funds must go to the veterans commission “for health and care services for military veterans, including the following purposes: operations, maintenance and capital improvements of the Missouri veterans homes, the Missouri service officer’s program and other services for veterans approved by the commission, including, but not limited to, health care services, mental health services, drug rehabilitation services, housing assistance, job training, tuition assistance and housing assistance to prevent homelessness.” Missouri voters overwhelmingly approved the amendment legalizing medical cannabis in the state, passing the measure by a margin of 66-34 percent. The first dispensaries in the state opened their doors to customers in October of 2020. Since then, the program in the Show Me State has boomed. The Missouri Department of Health and Senior Services said…

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Source : Missouri Transfers Almost M in Cannabis Revenue to Veterans

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