Ohio's licensed marijuana market appears to be an outlier among the 24 states that have legalized cannabis. Ohio is expected to grow rapidly, while legal sales in more mature markets have stagnated. That's likely to make the Buckeye State one of the primary drivers of the broader industry's potentially huge growth in the coming years.
According to estimates published this week by cannabis market analysis firm LeafLink, nationwide legal cannabis sales volumes could balloon from about $32 billion in retail sales this year to as much as $55 billion by 2030. Still it pales in comparison to its Michigan neighbor, where sales for the second straight year are projected to top $3 billion. In June alone, Michigan cannabis topped $260 million.
Ohio's legal marijuana industry is one of two "key growth drivers" nationally for the U.S. sector, according to LeafLink, whose latest seasonal industry report highlights $565 million in annualized sales in the state between the launch of adult-use sales in dispensaries last August and May 2025. Medical marijuana sales began in the state in January 2019.
Ohio saw more than $675 million in total legal marijuana sales in 2024 following the launch of adult-use sales in August, according to a Crain's analysis of data from the Ohio Division of Cannabis Control (DCC). That figure, which represents a 40% increase over 2023 sales in a medical-only market, includes $433 million in medical sales and $242 million in adult-use sales.
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