Missouri Medical Cannabis Market Analysis, Size, Growth, Share & Forecast to 2026 | Grand View Research Inc.
“Missouri Medical Cannabis Market Size Worth $102.4 Million By 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. Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/missouri-medical-cannabismarket
Further key findings from the report suggest:
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