Ohio’s recreational marijuana market has surpassed $500 million in sales since launching on August 7.
According to data released today by the Ohio Division of Cannabis Control, adult-use marijuana sales have reached $333,124,769 across 4,508,842 transactions. Meanwhile, medical marijuana sales totaled $176,177,276 from 1,873,160 transactions, bringing combined sales to $509,302,045 across 6,382,002 transactions, averaging $80 per transaction.
Since Ohio first began legal medical marijuana sales, the state has recorded $2,427,311,856 in all-time sales across 22,711,800 transactions.
Ohio law allows those 21 and older to possess up to 2.5 ounces of marijuana and 15 grams of concentrates. Medical marijuana patients may have 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, along with Ohio’s 5.75% state sales tax and local taxes ranging from 0.25% to 2.25%. Medical marijuana patients are exempt from the excise tax and only pay the state sales tax.
The $509 million in marijuana sold since August has resulted in $62,597,344 million in tax revenue for the state.
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