COLUMBUS, Ohio – Medical Cannabis Sales In Ohio Decreasing But Still Popular Due To 10 Percent Excise Tax Elimination.
According to recent data from the Ohio Division of Cannabis Control, medical cannabis sales are seeing a steady decline, yet they remain a popular choice for many Ohioans. In comparison, recreational marijuana sales continue to outpace medical ones by a margin of nearly 2 to 1.
When analyzing receipt data, nonmedical purchases are nearly twice as common as medical cannabis sales. Notably, nonmedical sales have made up about 5 percent more of total sales by transaction count each month than they have in total revenue.
1. Nonmedical Purchases Outpacing Medical Cannabis Sales
For example, in August, nonmedical transactions accounted for 58 percent of total sales by revenue, yet represented 63 percent of the total number of purchases. By November, this trend increased, with nonmedical sales making up 65 percent of revenue and an even higher 70.5 percent of total transactions.
2. Tax Policy Plays a Major Role in Consumer Choice
Apparently, the disconnect between transactions and dollar totals implies nonmedical purchases are far more frequent but possibly less expensive than medical sales.
This trend is particularly interesting because nonmedical marijuana is subject to a 10 percent excise tax medical marijuana is not subject to, making it more expensive to purchase recreationally.
This tax difference makes recreational marijuana more expensive, yet it hasn’t slowed down consumer interest.
3. Recreational Market Dominates in Early Sales
In just four months through mid-December, recreational marijuana sales in Ohio have reached $215,274,782. According to the Ohio Division of Cannabis Control, nearly three million nonmedical transactions contributed to this total, underscoring how rapidly the adult-use market is growing.
Final Thoughts: Medical Cannabis Sales Still Hold Value in Ohio’s Evolving Market
Although recreational use is booming, medical cannabis sales continue to play an important role for patients who rely on lower costs and physician guidance. As tax policies and consumer habits evolve, both markets may continue to find balance in Ohio’s cannabis economy.
For more cannabis Michigan news, stay tuned at mitechnews.com.
FAQs:
1. Why are medical cannabis sales in Ohio decreasing?
Medical cannabis sales are declining mainly due to the growing popularity of recreational marijuana, which offers easier access for many users.
2. Can you go into a dispensary without a card in Michigan?
Yes, adults aged 21 and over can enter and purchase from recreational dispensaries in Michigan without a medical marijuana card. However, to access medical dispensaries, a valid Michigan Medical Marijuana Program (MMMP) card is required. Recreational dispensaries require only a government-issued photo ID to verify age.
