Tag: ohio

Legal adult-use cannabis sales launched earlier this month in Ohio, and strong sales numbers do not appear to be subsiding. According to local reporting by WKBN, “over the first 19 days — $32.9 million worth of recreational marijuana has been sold — or an average of $1.7 million a day.” “Meanwhile, since July 1, sales of…

Legal sales of recreational cannabis products through licensed Ohio dispensaries started on August 6th, 2024. In the first five days of sales, regulated dispensaries sold more than $11.5 million in flower, vape pods, edibles, and other cannabis products. “Dispensaries statewide had 138,466 receipts from the start of sales on August 6 until the end of…

As Ohio continues its seemingly drawn out process of launching long-awaited recreational cannabis sales, Ohio officials are predicting that the state’s eventual adult-use cannabis market will generate over $200 million in tax revenue. “The state is estimating that tax revenue could be up to $206 million a year. Recreational marijuana products will be taxed 5.75%…

As Ohio continues its progression towards launching legal recreational cannabis sales, more businesses are being approved for provisional adult-use licenses. In Ohio, existing medical cannabis businesses are able to apply for a ‘dual-use’ license that permits both medical cannabis and recreational cannabis business activity. “A total of 14 dispensaries, five cultivators and six processors in…

According to local reporting, the Ohio Division of Cannabis Control has received 244 applications so far to convert active medical cannabis licensees to dual-use cannabis licenses. Dual-use licenses permit dispensaries to sell both medical and recreational cannabis. “The agency notified 182 facilities that they have qualified for a provisional license.” stated WVXU in its local…

The Ohio Division of Cannabis Control has issued 80 provisional licenses to dual-use cannabis dispensaries so far. The provisional licenses will allow the dispensaries to legally sell both medical cannabis and recreational cannabis products. Twenty six of the licenses are for dispensaries in the Northeast region of Ohio. “It’s important to keep in mind that,…

As of noon on Friday, Ohio regulators have granted provisional recreational cannabis business licenses to 46 facilities. The provisional licenses are ‘dual-use’ and were granted to existing medical cannabis businesses. According to Jamie Crawford with the Ohio Division of Cannabis Control the dual licenses are “issued as a placeholder while the provisional licensee works to…

According to the Ohio Department of Commerce’s public information officer, and as reported by 13ABC, “as of Friday at noon 219 applications have been filed to convert active medical marijuana licensees to dual-use cannabis licensees.” In Ohio, current owners of medical cannabis business licenses get to apply first before non-license owners. Current applicants are applying…