Updated data released today by the Ohio Division of Cannabis Control (DCC) shows that since the start of recreational sales on August 7, there’s been over $338 million in marijuana sales.
According to the DCC, licensed marijuana stores sold $338,997,057 worth of product between August 7 and December 14, spread across 4,177,377 different transactions. These numbers were bolstered by $18,277,744 in sales for the week of December 7 to December 14.
Ohio’s all-time total for legal marijuana sales, encompassing both recreational and medical markets, now stands at $2,257,006,868 across 20,507,180 transactions.
The average price per gram as of December 14 is slightly lower than the previous week, dropping from $7.47 to $7.41. The average price per gram on August 7 was $9.42.
Ohio’s marijuana law allows those 21 and older to possess up to 2.5 ounces of marijuana and up to 15 grams of marijuana concentrates. Medical marijuana patients are allowed to carry a 90-day supply, which includes up to eight ounces of dried marijuana and 26.55 grams of concentrates. The Ohio Division of Cannabis Control regulates both markets.
Recreational marijuana purchases are subject to a 10% excise tax on the retail price, in addition to the state’s standard 5.75% sales tax. Local municipalities may also impose additional sales taxes, typically ranging from 0.25% to 2.25%, depending on the jurisdiction. For medical marijuana, patients are required to pay the state’s 5.75% sales tax, but are exempt from the excise tax.
The $338 million in sales between August 7 and December 14 netted the state roughly $40 million in tax revenue.
