Ohio’s adult-use hashish market, which was launched simply two months in the past, has already exceeded $87m in gross sales.
In keeping with the most recent statistics from the Ohio Division of Hashish Management (DCC), because the launch of its adult-use market on August 06, gross sales have continued to extend, topping $43.07m in September alone, averaging round $1.5m per day.
The state has now issued 124 ‘dual-use’ licenses, which allow dispensaries to promote each medical and adult-use hashish, and since launch these have bought greater than 10,000 kilos of plant materials and over 1.3 million models of manufactured hashish merchandise.
Whereas Ohio nonetheless represents one of the costly states to buy hashish, particularly in comparison with neighbouring states with extra mature markets like Michigan, prices are steadily declining as accessibility will increase.
In September, the fee per one-tenth ounce of flower fell from $24.24 to $23.74, whereas the typical worth per gram dropped from $8.57 to $8.39.
Over 100 smaller municipalities in Ohio have opted to forestall the launch of adult-use gross sales, which means dispensaries are concentrated in main cities.
Regardless of these limitations, Ohio’s technique of enabling current medical hashish companies to increase into adult-use gross sales imply the state has not suffered from the early provide chain points many different states have suffered from.
In keeping with market evaluation from Headset, the state’s hashish market may attain $2.1 billion yearly at full maturity.
