This Nov 3rd, join us for the third edition of Business of Cannabis: New York at the New York Academy of Medicine. A day long leadership summit focused on retail, investment & policy across New York and North America. Tickets on-sale now – www.cannabisnewyork.live
The Missouri Department of Health and Senior Services (DHSS) has announced it has transferred $13 million in funds from Missouri’s medical marijuana programme to the Missouri Veterans Commission (MVC).
The transfer marks the fifth to date, with transfer funds now totalling $39,978,820 since the medical programme was launched in 2018.
The transfers have taken place following a vote in November 2018 to adopt Constitutional Amendment 2, known now as Article XIV, Section 1, which includes a provision requiring that fees and taxes generated by the medical marijuana programme are transferred to the MVC for health and care services for military veterans.
In November 2022, an additional amendment was made to Article XIV that requires fees and taxes generated by the programme be transferred to MVC, Missouri State Public Defender and DHSS.
Director of the Division of Cannabis Regulation with DHSS, Amy Moore, commented: “It is incredible that Missouri voters passed the adult use amendment less than one year ago, and we are now starting to see the financial impact the program’s success will have on multiple organizations and the Missourians they serve.”
An additional $3,836,919 in funds generated by the programme have also been transferred to a number of agencies as well as MVC, including DHSS to operate a grant programme that aims to increase access to evidence-based drug addiction treatment and overdose prevention, as well as reversal methods and public or private treatment options.
MVC Executive Director Paul Kirchhoff added: “These funds will help MVC continue to support the existing infrastructure of our seven Veterans Homes.