More marijuana taxes coming to Ohio, local governments thanks to high demand in budding industry

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Ohio-Politics,Columbus-News,Ohio-Recreational-Marijuana

Between Aug. 6 and Saturday, recreational dispensary customers have spent just over $155 million on product.

A display screen at Shangri-La dispensary in Cleveland flashed the prices of marijuana based products on sale as Ohio has begun the sale of recreational marijuana Tuesday, Aug. 6, 2024.COLUMBUS, Ohio - In the three months since legal recreational marijuana sales began in Ohio, $15.5 million has been collected for state and local governments from an extra tax on marijuana.

-36% to a host community cannabis fund, exclusively for communities where there are adult-use dispensaries; -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.The rules are just over a year old, but lawmakers already have considered changing them. When voters approve an initiated statute like the recreational marijuana law, lawmakers can make immediate changes.

Ohio House and Senate leaders haven’t mentioned them as priority bills when they’ve ticked off legislation that they’d like to see passed by the end of the year. But anything is possible during the current “lame duck” session of the legislature, which marks this time toward the end of the session when a flurry of bills pass.

 

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