ST. LOUIS — If Missouri voters on Nov. 8 approve Amendment 3, allowing adults 21 and and older to use, possess and grow cannabis, it’s projected to create a significantly larger market for the companies that have already emerged as major players in the state’s legal medical marijuana market.

Since medical marijuana sales became legal in Missouri in October 2020, revenue from dispensaries has grown to nearly $500 million as of the end of September, and has nearly doubled in 2022 alone after ending last year at just $215 million.

The campaign backing recreational legalization, though, predicts sales will rise to around $1 billion per year within a few years, generating at least $50 million a year in tax revenue for state and local governments, said John Payne, the campaign manager for Legal Missouri 2022.

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