Patients happy with Ohio’s Medical Marijuana Program despite high prices | How to order Skittles Moonrock online

Learn how to order Skittles Moonrock online. TOP QUALITY GRADE A++

Cannabyss Inc. is the best place online to buy top quality weed, cannabis, vape, marijuana and CBD products. Get your borderless orders delivered at the pickup spot with ease. Top Grade products for client satisfaction.

👉 Click here to Visit our shop! 🛒

This story has been republished by permission. Crain’s Cleveland Business Written by Jeremy Nobile.

According to The Ohio State University’s Drug Enforcement and Policy Center, the third consecutive year, medical marijuana patients reported higher levels of satisfaction regarding the Ohio Medical Marijuana Control Program.

This new study marks the DEPC’s first year of medical marijuana sales in Ohio. Sixth Annual Report Tracking progress and developments within the medical program.

Here are some of key takeaways from the article. DEPC’s latest Study.

Patient satisfaction

In 2024, DEPC surveyed 31% of patients who said they were “extremely satisfied” with the medical program. Meanwhile, 43% said that they were “somewhat satisfied”. 74% of respondents are satisfied with the program.

Meanwhile, 20% of respondents said they were “extremely” (6%) and “somewhat” (14%) dissatisfied.

These figures show a marked improvement over last year.

In 2023, 19% of respondents and 43% reported being “extremely” satisfied or “somewhat” happy, respectively. This comes out to 62% satisfaction.

In 2023, 30% of respondents said they would be “extremely” (10%) and “somewhat” (20%) unsatisfied.

While the level of dissatisfaction has decreased, the main reasons for this dissatisfaction remain the same.

According to DEPC, “Factors that drive patient dissatisfaction have remained consistent since 2023. 70% of respondents reported that their dissatisfaction was driven by high prices at Ohio dispensaries. 56% cited the high cost of annual fee and doctor recommendation, and 47% cited the lack of legal protections in employment.”

DEPC suggests that on the policy front, changes that could increase patient satisfaction include legal protections for employees, allowing home deliveries and not requiring a medical patient registration every year.

Lower patient participation

Despite the fact that medical customers are increasingly satisfied with the medical program, there has been a decrease in the number of patients registered.

According to the Division of Cannabis Control, there were only 159.997 active registered medical marijuana patients as of July 31.

It means that less than 1,4% of the approximately 11,8 million residents are medical marijuana users. Operators have traditionally expected that 2% to 3% or a state’s total population would be medical marijuana patients.

According to DEPC data, the medical population reached its peak in October 2023, with 184,958 patients registered. Patient rolls have dropped by approximately 13.5% since that time.

It is common for the medical population of a state to decrease as online non-medical sales increase.

As DEPC notes, “This is not unexpected given the similar experiences of other states who have transitioned to an adult-use market.” Their experience shows that the extent to which the decline will be determined by the willingness of regulators and policymakers to change policies that affect patient’s access to marijuana products, and their satisfaction level.”

The number of doctors with certificates to recommend medicinal marijuana has also declined from 648 in June to 597 in the month of July.

Sales are up but growth is slowing

According to DEPC analysis, sales for medical marijuana flower rose 30% between fiscal years 2020 and 2024. (Ohio has a fiscal year that runs from July to June) Sales of manufactured products also increased 20%.

The medical market continued to grow, but the growth rate was slower than the previous year. There are also signs that medical sales have slowed since the adult-use market began.

According to DEPC, between fiscal years 2022-2023, the sales of medical plant materials and manufactured products grew by 39.6% and 33.99%, respectively.

According to the latest DCC statistics, medical marijuana sales in Ohio have totaled approximately $1.95 billion since January 2019.

In Ohio, adult-use sales began on August 6. Since then, sales of medical marijuana have remained relatively strong, despite a slight slowdown.

In the three weeks of September, total medical marijuana sales averaged $7.28 million per week. That’s about $1.04 million a day.

In August, the average medical sales per week was $7.9 millions or approximately $1.25 million each day.

Taxes flat

DEPC reports that “despite the robust growth in total sales”, sales receipts were largely flat because of declining prices. They increased only by 2%, from $478.067.435 in FY23, to $487.589,380, according to DEPC. This is a much lower growth rate than that of FY22 to FY23.

According to DEPC, Ohio “collected $95 875 003 in total marijuana tax revenue” as of March 31. “Municipalities and counties have collected an extra $24,889 170 in local sales taxes between 0.5% and 2.25%.”

DEPC reports that tax collections in Ohio “follow the same pattern seen in other States, with a rapid growth of 168.5% in its third year, followed by 39%, 10.9%, and then plateauing in its fifth year with virtually flat revenue collection.”

Prices drop with launch of adult-use product

According to DEPC, the average price per gram for medical marijuana flower dropped 19.8% from $7.67 to $6.15. The average price per unit for manufactured products decreased by 18.5%, from $34.35 to $28.

According to DEPC, “However, June 2024 and July 2024 recorded the highest plant prices ($7.28 apiece and $7.83 apiece respectively) since January 20,23 and November 20,22.” This could be an indication of dispensary prices being negatively affected initially by the start of recreational marijuana sales.

According to the most recent state data, the average price of marijuana flower (including medical and non-medical products), in the first week in September, was $8.95 for a gram, or $25.32 for a tenth of an inch (i.e. One “day unit” and the average price of manufactured products per unit is $30.51.

Ohio prices seem high compared to Michigan. According to DEPC “prices continue to be about 70% higher in Ohio dispensaries than in Michigan dispensaries.”