Ohio Cannabis Sales Hit $3B Mark at Steady Pace of Recreational Expansion

3 min readPublished On: September 19th, 2025By

COLUMBUS – New York may command the spotlight in East Coast Cannabis discussions, with its market posting $1 billion in sales through August of this year alone, but Ohio’s program has methodically built a formidable operation of its own. State regulators report total Cannabis sales surpassing $3 billion as of early September, a figure that underscores the Buckeye State’s emergence as a quiet powerhouse in the sector.

The Ohio Division of Cannabis Control tallied $3,016,366,754 in combined Cannabis sales through September 6. Medical Cannabis, available since 2019, accounts for the bulk at $2.23 billion, reflecting sustained demand from a registered patient base of 459,408. Recreational sales stand at $785.5 million since the program’s launch on August 6, 2024, a milestone reached after voters approved legalization with 57% support in November 2023.

This recreational tally marks a solid first-year performance, exceeding initial projections of $650 million for 2025 adult-use revenue and outpacing Michigan’s debut year by a wide margin. Weekly sales have stabilized around $15 million to $20 million in recent months, with August alone generating $88.5 million—a 7.8% increase from the prior year. Volume metrics tell a similar story: 124,156 pounds of plant material and 13.2 million units of manufactured products moved off shelves for recreational buyers, compared to 330,653 pounds and 30.8 million units for medical.

Behind these numbers lies a network of 165 dual-use dispensaries, 37 cultivators, and 46 processors, all operating under certificates issued by the Division of Cannabis Control. Average prices have held firm [$6.54 per gram for flower and $27.23 per manufactured unit in early September], suggesting consumers view the market as accessible without aggressive discounting. Tax collections, drawn from a 10% retail levy, are on track to top $60 million for fiscal 2025, providing a direct fiscal boost to state coffers earmarked for social equity initiatives and community reinvestment.

Yet the path hasn’t been without friction. Industry observers note persistent supply bottlenecks, particularly in dual-use licensing, which have capped expansion for some operators. One year in, Ohio’s rollout contrasts with flashier debuts elsewhere: New York’s recreational sales hit $1.3 billion for the full 2025 calendar, fueled by a denser urban footprint and aggressive licensing. Ohio, by contrast, leans on its established medical infrastructure, which has kept total throughput high but slowed the recreational ramp-up. Per-dispensary sales averaged $5.8 million annually in recent quarters, up from $5.2 million last fall, but still trail leaders like California at over $10 million.

Analytics point to untapped potential. With a population of 11.8 million and per capita recreational spending hovering at $66 [below New York’s $65 but competitive with Michigan’s $70] Ohio could see adult-use sales climb to $1 billion by year-end. That would represent a 27% jump from the first-year total, driven by recent rule tweaks like doubling daily purchase limits to 2.5 ounces in June. Broader economic ripple effects are evident too: the sector now supports thousands of jobs in cultivation and retail, contributing to a national Cannabis GDP add-on projected at $123.6 billion for 2025.

Critics argue the state’s cautious approach, prioritizing compliance over speed, has preserved stability but risks ceding ground to neighbors like Pennsylvania, where medical-only sales topped $500 million last year. Still, data from BDSA shows Ohio’s market surging 62% in the first half of 2025, aligning with booms in New York and New Jersey. Unique medical purchasers hit 439,189 as of mid-August, a 4% quarterly gain, signaling crossover appeal as recreational access broadens.

Ohio’s trajectory offers a case study in measured scaling. As recreational maturation continues [potentially hitting $1.5 billion annually by 2027] the state stands ready to redefine Midwest benchmarks, provided regulators address licensing delays head-on. In a fragmented national picture, where total U.S. sales are eyed at $45.3 billion this year, Ohio’s blend of volume and restraint positions it not as a headline-grabber, but as a reliable performer worth watching.

About the Author: HCN News Team

The News Team at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

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