Recommended content

Ohio tops $702 million in first year of adult-use cannabis sales

Ohio cannabis stores rang up more than $702.5 million over the first year of adult-use sales, according to state data.

From the launch of the market on Aug. 6, 2024 through Aug. 2, stores recorded $702,587,948 in non-medical sales, according to the state Division of Cannabis Control.

ADVERTISEMENT

So far, that’s outpacing predictions. An MJBiz Factbook projection pegged 2025 total adult-use sales at $650 million.

With medical marijuana sales included, total sales could exceed $1 billion in 2025.

Adult-use sales could exceed $1.1 billion by the end of 2026 and double to more than $2.2 billion by 2028, according to the MJBiz Factbook.

Ohio became the 24th state to launch adult-use sales after voters overwhelmingly approved legalization in November 2023.

It was the only

Read full article on Marijuana Business Daily

Follow us on Instagram or join us on facebook page

Be first to rate

Marijuana Business Daily
Source

More news