For most states that legalized either recreational or medical cannabis, earning tax revenue wasn’t the endgame. Although sales tax wouldn’t hurt, especially now that the coronavirus pandemic has drastically affected the economy, plenty of states pledged to use some of the tax revenue derived from cannabis sales to fund social justice initiatives like health programs for military veterans. Missouri was among them, and although medical cannabis sales are slated to start later this month, the Show-Me State recently completed the first-ever transfer of cannabis revenue to a state’s veteran fund.
More than $2.1 million was transferred from the Department of Health and Senior Services (“DHSS”) to the Missouri Veterans Commission (“MVC”) where it will be used to fund health services for military veterans. The money was sourced from the millions of dollars already collected from license and registration fees from businesses and patients. As soon as medical cannabis dispensaries…
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