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Home»Business & Industry»Missouri Transfers $13M in Medical Cannabis Derived Funds to Veterans Commission
Business & Industry

Missouri Transfers $13M in Medical Cannabis Derived Funds to Veterans Commission

November 2, 2023Updated:December 6, 2024No Comments2 Mins Read
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Missouri Transfers $13M in Medical Cannabis Derived Funds to Veterans Commission
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The Missouri Division of Well being and Senior Companies (DHSS) on Tuesday transferred $13 million from the state’s medical hashish program to the Missouri Veterans Fee (MVC). It’s the fifth switch thus far, bringing the overall transferred to $39,978,820. 

The company additionally transferred $3,836,919 in funds generated by Missouri’s adult-use hashish program to the MVC ($1,278,973), the state Public Defender’s Workplace ($1,278,973), and DHSS ($1,278,973) for a drug remedy grant program.   

MVC Government Director Paul Kirchhoff mentioned the “funds will assist MVC proceed to assist the present infrastructure of our seven Veterans Properties.” 

“It’s unimaginable that Missouri voters handed the grownup use modification lower than one 12 months in the past,” added Amy Moore, director of the Division of Hashish Regulation with DHSS, “and we at the moment are beginning to see the monetary affect this system’s success could have on a number of organizations and the Missourians they serve.” 

The modification to legalize hashish for medical use was voted into Missouri’s structure in 2018. It requires that charges and taxes generated by medical hashish be transferred to the MVC to present veterans higher entry to healthcare. In November 2022 an extra modification was voted in that provides the charges and taxes generated by the adult-use hashish program to be transferred to veterans fee. 

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