Despite Increased Demand, Experts In Missouri Not Concerned About Shortages
“It’s exceeded my expectations certainly”
Even with the demand for recreational marijuana exceeding expectations, experts say Missouri customers don’t need to worry about major shortages or price hikes for now.
Andrew Mullins, executive director of the Missouri Cannabis Trade Association, also known as MoCann Trade, said while Missouri saw a higher demand than what was initially predicted, shortages have not become a big issue.
“In January, as a medical market, we were at $37.2 million and then in February, we go up to $103 million as medical and adult-use,” Mullin said. “So obviously, there’s a very large expansion of the market both on the medical and on the adult-use side. But as soon as adult-use passed, many facilities started looking ahead as to how they could ramp up and scale their production.”
Mullins said many facilities went to the state to ask for approval for additional space to ramp up production so they could continue to meet the market expansion.
While there are currently 67 cultivation facilities licensed and 51 that are approved to operate in Missouri, it’s growing the actual plant products that takes time.
“Whether it’s corn, beans or marijuana, there is a grow timeline before you can see additional production,” Mullins said. “While they knew that there was going to be additional demand coming and they did start ramping up production, we’re still sort of on a production lag here in the state.”
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