Missouri Medical Cannabis Market Will Value USD 102.4 Million In 2026

The Missouri medical cannabis market size is estimated to be valued at USD 102.4 million in 2026 and is predicted to register a lucrative CAGR of 22.0% over the forecast period, according to a new study by Grand View Research, Inc. Legalization of marijuana for medical applications and growing number of patients qualifying for the same is expected to boost the market in Missouri.

 

Based on product type, the market is divided into buds, oil, and tinctures. The buds segment is anticipated to hold the largest market share in 2020 with a revenue of USD 20.6 million. Buds being the primary plant product, can be used readily without any processing, which makes it relatively affordable for low-income patients. Moreover, easy availability of buds as compared to other cannabis products is further anticipated to increase their adoption in the state.

 

Based on application, the chronic pain segment is expected to dominate the Missouri market in 2020 owing to a large patient pool. On the other hand, the mental disorder application is expected to witness fastest growth over the forecast period owing to increasing number of patients suffering from neurological conditions such as anxiety disorder, depression, and Alzheimer's disease. For instance, according to the Missouri Foundation for Health, around 110,000 people over 65 years and above were suffering from Alzheimer's disease in 2010 and the number is expected to increase to 130,000 by the end of 2025.

 

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Further key findings from the report suggest:

• Buds are anticipated to dominate the Missouri medical cannabis market in 2020, as they can be readily used by patients for smoking. This helps alleviate chronic pain associated with various ailments

• The oil segment is anticipated to witness the fastest growth by 2026 owing to increasing adoption of oil as a healthier alternative to smoking marijuana

• The chronic pain application segment is anticipated to remain the dominant throughout the forecast period thanks to increasing patient pool

Table of Contents

 

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List to Data Sources

 

Chapter 2 Executive Summary

 

Chapter 3 Missouri Medical Cannabis Market: Opportunity Analysis
3.1 Opportunity Analysis

 

Chapter 4 Missouri Medical Cannabis Market, By Product Type, 2020 to 2026

Chapter 5 Missouri Medical Cannabis Market, By Medical Application, 2020 to 2026

Chapter 6 SWOT Analysis
6.1 Strengths
6.2 Weakness
6.3 Opportunities
6.4 Threats

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Chapter 7 PESTLE Analysis
7.1 Political & Legal
7.2 Economic
7.3 Social
7.4 Technological
7.5 Environmental

 

Chapter 8 Patient Pool Analysis
8.1 List of Qualifying Conditions

 

Chapter 9 Missouri Medical Cannabis Market, Regulatory Scenario
9.1 Possession
9.2 Purchasing limits
9.3 Consumption
9.4 Export and Transport of Cannabis
9.5 Cultivation

 

Chapter 10 Missouri Medical Cannabis Market, Value Chain Analysis

 

Chapter 11 Case Studies
11.1 Doctor's perspective, taxation, and impact of legalization toward consumption of cannabis for target indication