As reported by Jeremy Nobile with Crain’s Cleveland Business, Ohio’s newly launched adult-use marijuana market generated over $11.5 million in sales within the first five days, from August 6 to August 10, as reported by the Ohio Division of Cannabis Control. This impressive figure averages $2.3 million in daily recreational sales. The state’s medical marijuana sales during the same period totaled approximately $8.3 million, averaging $1.66 million per day.
The launch day on August 6 marked a significant milestone for Ohioans following the approval of adult-use marijuana through a referendum the previous November. Despite adverse weather conditions, strong customer turnout was noted across the state. Industry operators observed continuous foot traffic, with dispensaries experiencing long lines throughout the day.
In the first five days, 138,466 transactions were recorded across Ohio’s 98 licensed dual-use dispensaries. The enthusiasm for adult-use marijuana was evident, with substantial increases in foot traffic and sales compared to the previous medical-only operations.
Cannabis prices were initially higher in the adult-use market, with a “day unit” of flower (2.8 grams) retailing for $26.59, about 20% more than in the medical market. After taxes, the cost exceeded $31. Although prices were higher than in neighboring states like Michigan, where market saturation has driven down costs, Ohio’s prices are expected to decrease over the next year as the market stabilizes.
