420 with CNW — Missouri in the Midst of Product Shortages as Recreational Marijuana Market Takes Root
In February, the state of Missouri launched its recreational cannabis market. This was after voters in the state approved amendment 3 in November 2022, making Missouri the 21st state in the country to legalize adult-use marijuana. Almost two months later and the market is set to hit $1 billion in sales in its first year. However, increasing demand from local and out-of-state customers as well as medical cannabis patients has greatly surpassed operators’ expectations, resulting in higher wholesale prices and product shortages. In some areas, such as near the Kansas border, retailers have observed significant increases in foot traffic since…