Ohio MMJ Market Could Generate $200M-$400M in Sales

Ohio’s medical cannabis industry could eventually generate between $200 million and $400 million in annual retail sales via dispensaries once the market matures, according to preliminary estimates by Marijuana Business Daily.
That would translate into as much as $23 million in taxes for Ohio if state sales taxes of 5.75% are applied.

According to Chris Walsh, editorial director of Marijuana Business Daily, he says“from what we can tell now, this will be one of the larger medical cannabis markets in the country, and particularly in the eastern half of the country. It also has the potential to give Ohio’s tax coffers a sizable boost, which will benefit communities across the state.”

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