Ohio Medical Marijuana Market
The Canna Advisors team has been active in Ohio since legislation was passed in 2016
Ohio cannabis license applications were accepted starting in June 2017, with sales expected to start in the second half of 2018. With guidelines that require the program to be operational by September 2018, now is the time for entrepreneurs and business owners to begin laying the groundwork to be successful.
Processing applicants are eagerly awaiting license announcements, though a date has not been set for awarding them.
The Opportunity in Ohio
Ohio could eventually become one of the largest medical cannabis markets in the U.S., once it matures.
While there are many opportunities to win licenses, the licensing fees are steep and entrepreneurs need to be well-capitalized.
Early, thorough, and experienced planning is required for success in this market that is expected to be extremely robust and competitive.
The Conditions in Ohio
The Ohio market is shaped by a dense population and an increasing percentage of residents consuming cannabis. The list of qualifying medical conditions is liberal, yet the conservative state medical board is not promoting the program to the state’s physician base, and zoning restrictions are tight. These potential bottlenecks are offset by a state legislative focus on developing a comprehensive and efficient program.
Canna Advisors’ early work in the state positions the team well to navigate the developing market and advocate for favorable industry conditions.
The Projections For Ohio
Number of patients qualified
Compounded annual growth rate
$30 million projected for first year, even though partial year
A smarter, more strategic approach to state licenses
Lean on our proven expertise and unparalleled track record to successfully secure your cannabis license.