Open in App
  • Local
  • Headlines
  • Election
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • The Marijuana Herald

    Ohio: $66 Million in Marijuana Sold Legally Between August 6 and August 31, Prices Continue to Drop

    By Anthony Martinelli,

    2024-09-04

    The Marijuana Herald - Marijuana news and information

    There was over $60 million worth of marijuana and marijuana products sold legally in the first 25 days after legal recreational marijuana sales began in Ohio.

    https://img.particlenews.com/image.php?url=2zJs7i_0vJjHnBk00

    According to the Ohio Division of Cannabis Control (DCC), there was $67,320,029 worth of legal marijuana sold between August 6, the start of recreational marijuana sales, and August 31.

    The majority of these sales —$44,051,671— were purchased for recreational consumption, with licensed medical marijuana patients purchasing $23,268,358 worth during the same period.

    During August 6 and August 31 there was 551,737 total recreational marijuana transactions (675,364 total units of product sold), and around 240,000 medical marijuana transactions (859,236 total units of product sold).

    The average price per gram of dried marijuana flower continues to decline, dropping from $9.14 on August 24, to $9 on August 31. The average price was $9.40 per gram on August 10.

    All-time marijuana sales in Ohio are now at $1,985,328,602.

    Currently, there are around 120 dispensaries in Ohio that are licensed to sell recreational marijuana. Stand-alone recreational marijuana stores are expected to open sometime in 2025.

    Ohio’s recreational marijuana law, which took effect on December 7, allows individuals aged 21 and older to possess up to 2.5 ounces of marijuana and 15 grams of marijuana concentrates. The state’s Division of Cannabis Control, part of the Department of Commerce, oversees the licensing and regulation of the marijuana industry.

    A detailed map listing all dispensaries that are currently selling medical marijuana can be found on the DCC’s website by clicking here .

    The post Ohio: $66 Million in Marijuana Sold Legally Between August 6 and August 31, Prices Continue to Drop appeared first on The Marijuana Herald .

    Expand All
    Comments / 10
    Add a Comment
    Timothy Butcher
    09-04
    Your welcome see your high taxes always help out the rich .
    Todd Haas
    09-04
    Yeah,they made lots of money, prices are 3 times higher than Michigan. I live 3 hrs away from Michigan and debating on going back.
    View all comments
    YOU MAY ALSO LIKE
    Local News newsLocal News
    The Marijuana Herald2 days ago
    The Shenandoah (PA) Sentinel4 days ago

    Comments / 0