Missouri Cannabis Sales

Aug, 2024
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Cannabis Market Data

Overview

Missouri's cannabis market has shown a consistent growth pattern, with a year-over-year sales growth of 2.3% and a significant increase in unit sales by 28.9% as of August 2024. The average item price in Missouri has seen a slight decrease from $26.82 in July 2024 to $26.65 in August 2024. This pricing trend, coupled with the growth in unit sales, suggests a robust consumer demand that is responsive to slight price adjustments. The market size, as indicated by total sales reaching approximately $121.78 million in August 2024, positions Missouri as a significant player in the cannabis industry within the region.

$121.79M

Aug, 2024

Sales

2.3 %

Year Over Year

Growth

Data Snapshot Sep 03, 2024

Market Comparison

Comparing Missouri to other states, it's evident that Missouri's market dynamics are distinct. For instance, New York shows an extraordinary year-over-year sales growth of 340.7% with total sales of approximately $75.79 million, which is significantly lower than Missouri's despite the higher growth rate. This indicates that Missouri's market is more mature and stable. In contrast, states like Michigan, with a lower average item price of $10.94, have higher total sales of approximately $286.40 million, suggesting a larger consumer base or more frequent purchases at lower price points. This comparative analysis highlights Missouri's position as a market with high growth potential and consumer engagement compared to its peers.

Missouri Weed Prices

Product
Aug, 2024
YoY
Flower (Gram)
$12.50
Flower (Eighth)
$27.53
Edible (10mg)
$15.72
Concentrate (Gram)
$33.54
Top Strain
Florida Kush
Data Snapshot Sep 03, 2024

Category Performance

Category
Aug, 2024
YoY
$
55.83
M
-0.3
%
$
28.07
M
8.3
%
$
15.81
M
-3.6
%
$
13.88
M
20.3
%
$
6.28
M
-10.8
%
$
0.91
M
-26.0
%
$
0.42
M
-25.0
%
$
0.34
M
385.7
%

The Flower category in Missouri, with total sales of approximately $55.83 million in August 2024, demonstrates a unique trend compared to the overall market. Despite a slight month-over-month sales decrease of 0.1%, the year-over-year growth in unit sales is substantial at 33.5%. This suggests a growing consumer preference for this category, despite the average item price increasing from $29.57 in July 2024 to $30.46 in August 2024. To further understand market dynamics within this category, examining segment sales and top brands will provide deeper insights.

Data Snapshot Sep 03, 2024

Top Cannabis Brands in Missouri

Market Trends

Product Category Market Share In Missouri

Monthly Cannabis Sales

Historical Cannabis Sales In Missouri

Missouri Cannabis Reports

Report
October 17, 2023

Missouri's Growing Adult Use Market

Missouri's adult-use cannabis market, initiated in February, rapidly grew to become the sixth-largest in the US with sales of $953M by September 2023. The state's cannabis prices are notably higher than the national average, with Missouri having fewer brands, indicating less competition. Despite its rapid growth, the state presents untapped opportunities, especially in the Pre-Rolls category, and businesses are advised to strategize for sustainable growth and potential future challenges.

Missouri Cannabis News

Blog
October 3, 2023

Top Selling Cannabis Brands Fuel Missouri's Thriving Market in September 2023

Missouri’s cannabis market shines bright with a total valuation of $118.6 million as of September 2023, despite a minor 0.4% dip from the previous month.
Blog
July 21, 2023

Navigating Missouri’s med to rec transition with Headset Bridge

Teal Cannabis Co., a recent adopter of Bridge, tells us why the inventory management software is so vital to their business and continued success, especially amidst Missouri’s recent med to rec transition.
Blog
February 8, 2023

Missouri's first recreational weekend

Headset examines the first weekend of recreational cannabis sales in Missouri, analyzing the growth in sales compared to historical data.
User rating
MO
Emerging

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