PUBLISHER: Grand View Research | PRODUCT CODE: 1404734
PUBLISHER: Grand View Research | PRODUCT CODE: 1404734
Missouri Legal Cannabis Market Size, Share & Trends Analysis Report By Product (Flowers, Oils & Tinctures, Pre-rolls, Concentrates, Edibles, Others), By End-use (Recreational, Medical), And Segment Forecasts, 2024 - 2030
Missouri Legal Cannabis Market Growth & Trends:
The Missouri legal cannabis market size is expected to reach USD 2.9 billion by 2030, growing at a CAGR of 22.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing research and development (R&D) activities are expected to drive cannabis demand in Missouri. Increasing cannabis application in medical and recreational applications is one of the pivotal factors propelling demand for medical marijuana.
Rapid increase in applications of medical cannabis in various indications including inflammation, epilepsy, sleep disorders, pain, anorexia, multiple sclerosis, and schizophrenia are estimated to drive the market's growth. Regulator and consumer acceptance of legal marijuana is increasing which is positively impacting this growth. Moreover, there is a shift to prescription drugs from cannabis herbal preparations. Demand for quantified, packed, and processed products is significantly increasing which is driving the growth.
Coronavirus lockdowns caused a decline in customers buying from offline or retail shops, however, many key players shifted their focus to selling products on social media and e-commerce platforms. Overall industry has grown due to an increasing number of consumers with approval of its adult use in the state. Legal cannabis industry witnessed a downfall due to drug shortage. Primary reason for an overall decrease in revenue was the government-imposed restrictions on international commerce due to the pandemic.
Factors such as shifting preference from opioid drugs to cannabis-based treatments are expected to help fuel market growth. Increasing awareness about medicinal properties of marijuana is attributed to be a key growth factor. Recent research studies confirming anti-cancer properties of the product and rising preference of patients for cannabis treatment of chronic conditions such as Alzheimer's and Parkinson's disease over other available drug therapies are critical factors attributed to market's growth.
Some key players are BeLeaf Medical, Show Me Alternatives, Missouri Wild Alchemy, Heya Wellness, Organic Remedies, Holistic Industries, and MOcann Extracts. These players focus on strategies such as new product launches, mergers & acquisitions, and regional expansions. Players are turning to expand their product portfolios through mergers and acquisitions of smaller companies. For instance, in 2020, Curaleaf announced two major acquisitions aimed at increasing its foothold in the U.S.
Missouri Legal Cannabis Market Report Highlights:
- In 2023, flower segment accounted for the largest revenue share of 35.8% and it is anticipated to register a significant CAGR from 2024 to 2030.
- Pre-rolls product segment is expected to grow at the fastest CAGR during the forecast period
- In 2023, medical-use segment accounted for the largest market share of 89.0%. Use of cannabis for recreational purposes is expected to initiate in 2023 in Missouri
- Recreational end-use segment is expected to register a significant CAGR during the forecast period
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Research Process
- 1.2 Information Procurement
- 1.2.1. Purchased Database
- 1.2.1.1. GVR's Internal Database
- 1.2.1.2 Market Formulation And Validation
- 1.2.1. Purchased Database
- 1.3 Research Methodology
- 1.4 Research Scope And Assumptions
- 1.5 Research Methodology
- 1.6 State Market: CAGR Calculation
- 1.6.1.1 State-Based Segment Share Calculation
- 1.7 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segment Outlook
- 2.3 Market Snapshot
Chapter 3 Missouri Legal Cannabis Market: Variables, Trends, And Scope
- 3.1 Impact Of Amendment - 3 On Cannabis Market In Missouri And Demand-Supply Analysis
- 3.2 Market Segmentation
- 3.3 Market Dynamics
- 3.3.1 Market Driver Analysis
- 3.3.2 Market Restraint Analysis
- 3.4 Penetration & Growth Prospects Mapping
- 3.5 Missouri Legal Cannabis Regulatory Scenario
- 3.6 Missouri Legal Cannabis- PESTEL Analysis
- 3.6.1. Political
- 3.6.2. Environmental
- 3.6.3 Social
- 3.6.4 Technology
- 3.6.5. Legal
- 3.6.6 Economic
- 3.7 Missouri Legal Cannabis - Porter's Analysis
- 3.7.1. Threat of New Entrants
- 3.7.2 Bargaining Power Of Buyers
- 3.7.3 Competitive Rivalry
- 3.7.4 Bargaining Power of Suppliers
- 3.7. 5 Threat of Substitutes
- 3.8 Opportunity Analysis (2018 - 2023-2030)
- 3.9 Product Pipeline Analysis, By Stage
- 3.10 Impact of COVID-19 on the Market
- 3.11 Company Market Position Analysis (2023)
- 3.12 Market Entry Strategies
- 3.13 Case Studies of key states for analyzing Missouri Legal Cannabis Market
- 3.13.1 Arizona
- 3.13.2 California
- 3.13.3 Colorado
Chapter 4 Missouri Legal Cannabis Market: Product Type Estimates And Trend Analysis
- 4.1 Missouri Legal Cannabis Market: Product Type Movement Analysis
- 4.2 Legal Cannabis Market: Product Type Analysis
- 4.2.1 Flower
- 4.2.1.1 Flower Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.2.2 Oil And Tinctures
- 4.2.2.1 Oil And Tinctures Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.2.3 Pre-Rolls
- 4.2.3.1 Pre-Rolls Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.2.4 Concentrates
- 4.2.4.1 Concentrates Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.2.5 Edibles
- 4.2.5.1 Edibles Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.2.6 Others
- 4.2.6.1 Others Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.2.1 Flower
Chapter 5 Missouri Legal Cannabis Market: End-use Estimates And Trend Analysis
- 5.1 Missouri Legal Cannabis Market: End-use Movement Analysis
- 5.2 Missouri Legal Cannabis Market: End-use Analysis
- 5.2.1 Adult/Recreational Use
- 5.2.1.1 Adult Use Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.2.2 Medical Use
- 5.2.2.1 Medical Use Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.2.2.2 Chronic Pain
- 5.2.2.2.1 Chronic Pain Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.2.2.3 Cancer
- 5.2.2.3.1 Cancer Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.2.2.4 Mental Disorders
- 5.2.2.4.1 Mental Disorders Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.2.2.5 Others
- 5.2.2.5.1 Others Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.2.1 Adult/Recreational Use
Chapter 6 Competitive Landscape
- 6.1 Company Profiles
- 6.1.1 BeLeaf Medical
- 6.1.1.1 Company overview
- 6.1.1.2 Financial performance
- 6.1.1.3 Strategic initiatives
- 6.1.2 . Blue Sage Cannabis Co.
- 6.1.2.1 Company overview
- 6.1.2.2 Financial performance
- 6.1.2.3 Strategic Initiatives
- 6.1.3 Show Me Alternatives
- 6.1.3.1 Company overview
- 6.1.3.2 Financial performance
- 6.1.3.3 Strategic Initiatives
- 6.1.4 Heya Wellness
- 6.1.4.1 Company overview
- 6.1.4.2 Financial performance
- 6.1.4.3 Strategic Initiatives
- 6.1.5 Missouri Wild Alchemy
- 6.1.5.1 Company overview
- 6.1.5.2 Financial performance
- 6.1.5.3 Strategic Initiatives
- 6.1.6 Organic Remedies
- 6.1.6.1 Company overview
- 6.1.6.2 Financial performance
- 6.1.6.3 Strategic Initiatives
- 6.1.7 Holistic Industries
- 6.1.7.1 Company overview
- 6.1.7.2 Financial performance
- 6.1.7.3 Strategic Initiatives
- 6.1.8 Kansas City Cannabis
- 6.1.8.1 Company overview
- 6.1.8.2 Financial performance
- 6.1.8.3 Strategic Initiatives
- 6.1.9 LOCAL CANNABIS COMPANY
- 6.1.9.1 Company overview
- 6.1.9.2 Financial performance
- 6.1.9.3 Strategic Initiatives
- 6.1.10 MOcann Extracts.
- 6.1.10.1 Company overview
- 6.1.10.2 Financial performance
- 6.1.10.3 Strategic Initiatives
- 6.1.1 BeLeaf Medical
List of Tables
- Table 1 Missouri legal cannabis market, by product, 2018 - 2030 (USD Million)
- Table 2 Missouri legal cannabis market, by end-use, 2018 - 2030 (USD Million)
- Table 3 Missouri legal cannabis market, by medical condition, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Various stages of research workflow
- Fig. 2 Information procurement
- Fig. 3 Market formulation & validation
- Fig. 4 Missouri legal cannabis market snapshot, 2023 (USD Million)
- Fig. 5 Missouri legal cannabis market, product type outlook: Key takeaways
- Fig. 6 Missouri legal cannabis market: Product type movement analysis (2023 & 2030) (USD Billion)
- Fig. 7 Flower market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 8 Oil and Tinctures market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 9 Pre-rolls market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 10 Concentrates market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 11 Edibles market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 12 Others market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 13 Missouri legal cannabis market, end-use outlook: Key takeaways
- Fig. 14 Missouri legal cannabis market: end-use movement analysis (2023 & 2030) (USD Billion)
- Fig. 15 Adult use market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 16 Medical use market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 17 Rheumatoid arthritis prevalence in Missouri (2018 - 2023) (Thousands)
- Fig. 18 Osteoarthritis prevalence in Missouri (2018 - 2023) (Thousands)
- Fig. 19 Chronic pain market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 20 Cancer market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Mental disorders market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 22 Others market estimates and forecasts, 2018 - 2030 (USD Million)
