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Missouri Cannabis Sales
Dec, 2024
Overview
The cannabis market in Missouri has shown a dynamic pattern over the past two years. Starting from February 2023, the total sales were approximately $102.9 million, and despite some fluctuations, the market experienced a notable peak in November 2024 with sales reaching around $128.1 million. This indicates a significant growth trajectory, with a year-over-year growth rate peaking at 13.6% in November 2024. The month-over-month growth has been quite volatile, with notable dips and rises, suggesting a market that responds quickly to regulatory and market changes.
Pricing trends in Missouri have been relatively stable, with minor fluctuations in response to market demands and supply chain adjustments. The consistent growth amidst these fluctuations suggests a robust consumer base and an increasing acceptance of cannabis products in the region.
Dec, 2024
Sales
Year Over Year
Growth
Market Comparison
When comparing Missouri's market to other states, it's evident that Missouri's growth rates and pricing stability are quite competitive. For instance, states like California and Colorado have seen more significant fluctuations in pricing and growth rates. Missouri's ability to maintain a relatively stable pricing structure while experiencing substantial growth in specific segments like "Specialty / Infused" suggests a market that is both maturing and diversifying.
Category Performance
The Flower category in Missouri's cannabis market has shown varied performance across its segments. The segment "Specialty / Infused" has seen an extraordinary increase in sales, with a year-over-year sales growth of 827.2% and a unit growth of 1750.9%. This suggests a growing consumer interest in specialized cannabis products. On the other hand, traditional segments like "Sativa" and "Indica" have experienced declines in both sales and unit growth, indicating possible market saturation or shifting consumer preferences.
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