Ohio Recreational Cannabis Sales Exceed $76.2 Million in Under Two Months

LOS ANGELES- Recreational cannabis sales in Ohio have surpassed $76.2 million since launching in early August, according to data from the Ohio Department of Commerce’s Division of Cannabis Control (DCC). As of September 21, sales totaled $76,280,490, with a 10% tax applied to all non-medical cannabis transactions.

Ohio legalized recreational cannabis through the passage of Issue 2 in November 2023, with 57% of voters in support. The measure also permits home cultivation, allowing residents aged 21 and older to grow up to six plants individually or 12 plants per household.

In the first week of sales alone, recreational cannabis transactions exceeded $11.5 million. To date, over 8,813 pounds of cannabis plant material and more than 1.1 million units of manufactured products have been sold.

There are currently 124 dispensaries in Ohio licensed to sell both medical and recreational cannabis, with 13 located in Columbus, 10 in Cincinnati, six in Dayton, and five in Cleveland.

However, a number of local jurisdictions have imposed restrictions on cannabis businesses. According to Ohio State University’s Moritz College of Law, as of late September, more than 107 municipalities and townships have enacted moratoriums preventing adult-use cannabis operations, with the majority of these bans occurring in communities with populations under 50,000.

Additionally, average prices for cannabis products have seen a slight decline, with the cost of flower falling from $8.57 to $8.39 per gram between early and mid-September, and manufactured product prices averaging $30.04, down from $30.39.

Ohio’s recreational cannabis market continues to evolve as it navigates local regulations and consumer demand.