Ohio’s medical hashish market is predicted to achieve $520 million this yr, in line with hashish trade intelligence agency BDSA, which additionally anticipates the state’s mixed hashish market will whole $820 million in 2025 – the anticipated first yr of adult-use gross sales after voters authorized the reforms on Tuesday.
BDSA estimates that by 2027, mixed hashish gross sales in Ohio will attain $1.65 billion, making the state’s hashish market “one of many quickest rising” within the U.S. In 2022, Ohio noticed a 26% gross sales progress in medical hashish gross sales, the agency mentioned.
In an announcement, Roy Bingham, co-founder and CEO of BDSA, mentioned that “Lately, the Midwest has turn into a thriving hub for the hashish trade and Ohio is quickly rising as a promising market.”
“Ohio’s distinctive regulatory surroundings and the growing acceptance of medical hashish underline the importance of this market,” he mentioned.
Based on BDSA, in Q2 2023, flower held a 51% market share in Ohio’s medical hashish area, with vape merchandise holding a 23% market share. Concentrates accounted for 4% of gross sales, which BDSA notes is half of the 8% market share concentrates holds in different medical-only hashish states.
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