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At present time, there are 202,666 registered patients in the state - that is twice the number of registered individuals from a year ago. Furthermore, they are projecting a revenue of up to half-billion dollars by 2022 or 2023. For comparison, last year’s sales hit $221.5 million. Proponents of the bill are also eyeing the increased tax revenue that will result from the sales.Īccording to the Marijuana Business Factbook, the sales of medical cannabis in Ohio will reach between $350-$425 million this year. The new markets that will surface after legalization will pave the way for more dispensaries in the major cities, driving job creation and an uptick in local economies. The legalization of recreational cannabis in the state of Ohio is expected to result in economic growth according to the executive director of the Drug Enforcement and Policy Center at The Ohio State University, Douglas Berman. According to the Attorney General, there were at least 7 areas where the summary failed to accurately describe the proposed law. Unfortunately for CRMLA, Attorney General Dave Yost has rejected the ballot proposal on grounds of the ballot language summar y not meeting the legal standards for approval. The group’s proposed law aims to allow adults aged 21 and older to grow, possess, and purchase marijuana. Just this August, a group called Coalition to Regulate Marijuana Like Alcohol (CRMLA) submitted a ballot proposal that aims to have a summary of their proposed law placed on the 2022 ballot. However, not all of the efforts to further marijuana legalization in Ohio have been successful.
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As these plans develop we will update this information. The bill also would create a commission to study the impact of legalizing marijuana. If passed, the bill would allow Ohio residents to buy and use marijuana and grow up to 12 plants. House Bill 382 aims to decriminalize, tax, and allow the commerce and licensing of recreational cannabis.
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Moreover, two Democratic lawmakers in Ohio - Democratic state representatives Casey Weinstein of Hudson and Terrence Upchurch of Cleveland - introduced a bill that aims to make recreational marijuana legal. This is a huge step forward for patients and caregivers who have been waiting patiently for this day ever since the first dispensary in the state opened its doors in 2019.
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Are you wondering how to get your Ohio cannabis business license? This page is dedicated to up-to-date information on this topic, and as license-winning attorneys in this state, we will provide you insights you won’t get anywhere else.ĭue to demand from Ohio residents, the Ohio Board of Pharmacy has voted to increase the number of dispensary licenses awarded in the state from 57 to 130 on Ap.