Licensed marijuana dispensaries and retail outlets in Ohio have sold more than $648 million worth of marijuana products since the state’s recreational market opened on August 7.
(Photo credit: GETTY Images).
According to new data released by the Ohio Division of Cannabis Control, which covers marijuana sales through April 5, total sales reached $648,111,114, with $434,248,741 from adult-use purchases and $213,862,373 from medical transactions. These sales were split across 7,675,864 different transactions in the state.
In total, the state has had 24,534,938 legal marijuana transactions contributing to an all-time sales total of $2,566,120,925 when including medical marijuana sales that began years earlier.
The current average price for marijuana flower in Ohio is $6.99 per gram, while the average cost for one-tenth of an ounce is $19.77. Manufactured products such as edibles, vape cartridges, and tinctures average $28.57 per sale.
Adult-use marijuana became legal in Ohio following voter approval in November 2023, with retail sales beginning August 7, 2024. Under the law, adults 21 and older can purchase and possess up to 2.5 ounces of marijuana and 15 grams of concentrates. Medical patients are allowed larger quantities as part of their 90-day supply limits.
Recreational marijuana is taxed at 10% in excise fees, in addition to the 5.75% state sales tax and local taxes that vary by jurisdiction. Medical purchases remain exempt from excise taxes but are still subject to applicable state and local sales taxes. Based on this tax rate, Ohio generated $80,691,263.155 in taxes from marijuana sales between August 7, 2024 and April 5.
