Missouri Transfers Almost $7M in Cannabis Revenue to Veterans
Marijuana Stocks, Finance, & InvestingUncategorized September 17, 2021 MJ Shareholders
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.
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