Between August 7 and January 15, marijuana sales in Ohio totaled $414,671,359.
This includes $147,862,618 in medical marijuana purchases and $266,808,741 in recreational marijuana sales. During this period, there were 3,573,632 recreational transactions and 1,565,444 medical transactions.
The average price per gram as of January 15 is $6.89, considerably lower than the $9.40 average as of August 10. This is according to data released by the Ohio Division of Cannabis Control (DCC).
Since the launch of legal marijuana sales in Ohio, the state has recorded a cumulative total of $2,332,685,142 in sales from over 21 million transactions.
Ohio’s marijuana laws allow those 21 and older to possess up to 2.5 ounces of marijuana and 15 grams of marijuana concentrates. Medical marijuana patients may carry a 90-day supply, which includes up to eight ounces of dried marijuana and 26.55 grams of concentrates. Both the medical and recreational markets are regulated by the Ohio Division of Cannabis Control.
Recreational marijuana purchases are taxed at a 10% excise rate on the retail price, in addition to Ohio’s 5.75% state sales tax. Local jurisdictions can add sales taxes, typically ranging from 0.25% to 2.25%. Medical marijuana patients are subject only to the 5.75% state sales tax and are not required to pay the excise tax.
