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Ohio Adult-Use cannabis sales exceed $76.2M in under two months – Ganjapreneur (19459000)

Tue / Oct 1st

By: TG Branfalt

In less than two months, licensed cannabis dispensaries have sold more that $76.2 million in cannabis products.

The full story is below the jump.

Division of Cannabis Control (DCC), Ohio, reports that adult-use cannabis sales in Ohio exceeded $76.2 Million in less than two months of sales. The following are some of the most effective ways to increase your ROI:. Since the start of adult-use sales, in August, retailers have sold 8,813 lbs of “plant materials” and 1,187 395 units of manufactured goods.

The average price of cannabis products continues to fall month-over-month. The average cost per gram fell from $24.24 for a tenth of an inch of flower in the first week of Septembre to $23.74 in the second week. The average price of a gram of flower dropped from $8.57 per gram to $8.39 in the same timeframe. Meanwhile, the average sales price for manufactured products fell from $30.39 down to $30.04.

Currently, 124 dispensaries are licensed in the state to sell both non-medical and medical cannabis products. According to Moritz College of Law at Ohio State UniversityAs of September 23, 111 municipalities have passed moratoriums that prohibit the use of a number adult-use cannabis Businesses are prohibited from operating within the borders of their communities. The majority of these bans are placed in communities with less than 10,000 residents. Twenty-five of these bans are in communities between 10,001 and 20.000; 27 are in those with a populace between 20,001 and 500.000; and six are in those with a 50,000+ population.

The state’s major cities are the most adult-use cities DispensariesAccording to the college, Columbus has 13 students, Cincinnati has 10, Dayton six, and Cleveland five.

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