Ohio Cannabis Market Hits $11.5M In First Week Of Adult-Use Sales
Ohio’s debut into the adult-use cannabis market has been nothing short of explosive.
According to the Ohio Division of Cannabis Control (via Cannabis Business Times), within the first five days of sales, from August 6 to August 10, dispensaries across the state amassed over $11.5 million in revenue.
See Also: Ohio’s Adult-Use Cannabis Market Takes Its First Major Step
This rapid success suggests Ohio could be on track for approximately $842 million in annual adult-use sales if these trends persist.
Impressive Early Sales
Ohio’s medical cannabis market also performed strongly, generating over $8.3 million for the week ending August 10.
When combined with adult-use sales, Ohio is set to approach nearly $1.3 billion in annual revenue, surpassing Michigan’s initial year of $510 million in adult-use and $474 million in medical sales in 2020.
On …