Simply 5 months after launching, Ohio’s adult-use hashish market has reached $242.2 million in gross sales, largely according to trade expectations.
Nevertheless, an evaluation of weekly knowledge from the Ohio Division of Hashish Management (DCC) reveals a notable worth contraction throughout nearly all product classes, with over half experiencing double-digit declines.
MJBizDaily reported that the value per pound for plant materials, which accounts for 52% of adult-use gross sales, has dropped 32% to $3,178 because the market opened in August 2024.
Regardless of this worth hunch, demand for plant materials has nearly doubled, with customers buying 2,158 kilos within the first week of January 2025, up from 1,284 kilos in August.
The common worth per gram has additionally decreased by 27.6% to $6.80, whereas manufactured product costs have seen a extra modest 9.6% decline.
It comes amid recent efforts from Ohio’s Republican lawmakers to considerably alter the state’s voter-approved legalization legislation.
Senate Invoice 56, launched by Sen. Steve Huffman, proposes sweeping modifications, together with:
- Elevating the hashish tax fee from 10% to fifteen%, with all income redirected to the state normal fund.
- Capping the variety of dispensaries at 350, opposite to the unique lack of license caps.
- Decreasing the THC content material cap from 90% to 70%.
- Halving the variety of crops residents can develop at dwelling from 12 to 6.
- Eliminating the social fairness program.
- Banning public consumption.
The invoice has sparked speedy pushback from the Ohio hashish trade, with the Ohio Hashish Coalition warning that these modifications might destabilize the market, creating uncertainty for companies, employees, and customers.
The introduction of SB 56 comes because the state’s GOP Home speaker, Matt Huffman, seems to have shifted his stance on the hashish legislation, abandoning earlier plans to undermine provisions like dwelling cultivation rights. Nevertheless, conflicts between Senate and Home Republican management should still hinder the invoice’s progress.
