Marijuana sales in Ohio have surpassed $450 million since the recreational marijuana market launched on August 7, with total revenue reaching $452,179,289 as of January 25.
Recreational sales accounted for $292,874,669, while medical marijuana sales contributed $159,304,620. During this time, there were 3,938,452 recreational transactions and 1,689,532 medical transactions, according to figures released by the Ohio Division of Cannabis Control (DCC).
The average price per gram has dropped slightly to $6.80, a notable decrease from the $9.40 reported in August. Since the start of legal medical marijuana sales in the state, Ohio has generated $2,370,189,100 in all-time sales, with a total of 32,919,728 transactions recorded.
Under Ohio’s marijuana laws, individuals aged 21 and older can legally possess up to 2.5 ounces of marijuana and 15 grams of concentrates. Medical marijuana patients are allowed to possess a 90-day supply, which includes up to eight ounces of dried marijuana or 26.55 grams of concentrates.
Recreational purchases are subject to a 10% excise tax, Ohio’s 5.75% state sales tax, and additional local sales taxes ranging from 0.25% to 2.25%. Medical marijuana patients, however, are exempt from the excise tax and only pay the state sales tax. Based on these numbers, the state has generated $55 million in marijuana tax revenue since August 7.
