Legalized Marijuana Brings In Over $15M In Tax Revenue For Governments In Ohio

COLUMBUS, OH – With sales of legal recreational marijuana booming in Ohio, state and local governments have been reaping some of the benefits.

According to a report by Cleveland.com, tax revenue amounting to $15.5 million has been produced for those governments since recreational weed sales began on Aug. 6.  Ohio has a 10% tax at the point of sales for every non-medical marijuana transaction, on top of existing sales taxes.

During the first three months of legalization, the Ohio Division of Cannabis Control (DCC) said total sales at the state’s dispensaries reached over $155 million.

Recreational sales launched after DCC began issuing dozens of the state’s first dual certificates of operation for marijuana growers, processors and testing labs so they can begin working with both medical and recreational marijuana.

Ohio voters approved a measure legalizing marijuana that went into effect last December.

The breakdown of where the taxes are used from marijuana includes the following:

– 36% to a cannabis social equity and jobs fund to pay for helping people enter the marijuana industry who are from communities that have been negatively affected by the war on drugs.

-36% to a host community cannabis fund, exclusively for communities where there are adult-use dispensaries;

-25% to a substance abuse and addiction fund to support efforts of the Ohio Department of Mental Health and Addiction Services to alleviate substance and opiate abuse, and pay for related research;

-3% to a Division of Cannabis Control and Tax Commissioner fund to support the division’s operations and defray the cost of administering the tax.

There are more than 100 marijuana dispensaries licensed to sell adult use in Ohio.

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