Recreational marijuana sales in Ohio hit $319.6 million in the six months since adult use launched in August – far more than the $14.5 million taken in by the state’s medical cannabis market in its first six months.
Since Ohio’s medical marijuana program launched in January 2019, sales have totaled more than $2 billion for 305,160 pounds of plant material, Spectrum News 1 reported, citing dats from the state’s Division of Cannabis Control.
The DCC also reported the number of cannabis business operating in the state:
- 37 cultivators
- 46 processors
- 9 testing labs
- 131 retailers
Meanwhile, Ohio, which was the only state to launch an adult-use program in 2024, is proposing a tax rate increase from 10% to 15% on recreational marijuana purchases through Senate Bill 56.
The legislation also would cap the number of cannabis stores in the state at 350 and reduce the number of home-grown plants per household from 12 to six.
Prices for recreational marijuana in Ohio already have started sliding, with the price per item dropping in almost all categories.
Plant material, which accounts for 52% of the state’s recreational sales, declined by 32.8%, according to the DCC.
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