Ohio Cannabis Sales

Nov, 2024
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Cannabis Market Data

Overview

The cannabis market in Ohio has shown remarkable growth, particularly in the recent year. As of November 2024, the state recorded a significant year-over-year sales growth of 93.5% and a unit growth of 96.7%. This surge is reflected in the average item price, which, despite a slight decrease from October 2024 to November 2024, remains high at $34.76. This pricing trend indicates a robust consumer demand and a maturing market that has successfully scaled despite regulatory and market challenges.

Ohio's market dynamics are characterized by a diverse range of product offerings and price points. The state's ability to maintain a high average item price while expanding sales volumes suggests a market that is not only growing in size but also in value. Consumers in Ohio are engaging with the market at increasing rates, and the consistent month-over-month growth further underscores this trend.

$79.8M

Nov, 2024

Sales

93.5 %

Year Over Year

Growth

Data Snapshot Dec 03, 2024

Market Comparison

When compared to other states, Ohio's cannabis market is one of the fastest-growing in terms of both sales and unit growth. For instance, while states like New York and Michigan also show significant growth, Ohio's year-over-year growth rates are superior, particularly in the Edibles category.

Ohio Weed Prices

Product
Nov, 2024
YoY
Flower (Gram)
$16.72
Flower (Eighth)
-
Edible (10mg)
$17.79
Concentrate (Gram)
$37.67
Top Strain
Orange 43
**Table: Comparative Market Analysis (November 2024)** | State | Total Sales (in millions) | YoY Sales Growth | Average Item Price | |-------|--------------------------|------------------|--------------------| | [Ohio](https://www.headset.io/markets/ohio) | $79.81 | 93.5% | $34.76 | | [New York](https://www.headset.io/markets/new-york) | $97.56 | 416.2% | $36.40 | | [Michigan](https://www.headset.io/markets/michigan) | $266.11 | 2.2% | $10.05 |
Data Snapshot Dec 03, 2024

Category Performance

Category
Nov, 2024
YoY
$
42.38
M
84.1
%
$
21.52
M
128.5
%
$
10.49
M
110.6
%
$
3.52
M
63.7
%
$
0.49
M
28.9
%
$
0.49
M
-3.9
%
$
0.42
M
5.0
%

The Edibles category in Ohio has demonstrated an exceptional performance, with a year-over-year sales growth of 110.5% and unit growth of 113.0% as of November 2024. This category's success is driven by products such as Gummies and Caramels, Chews, and Taffy, which have seen substantial growth in both sales and units sold.

These segments highlight a consumer preference for sweet and convenient cannabis formats, with Gummies leading the charge due to their ease of use and consistent dosing.

**Table: Segment Performance in Edibles (November 2024)** | Segment | Average Item Price | Total Sales (in millions) | MoM Sales Growth | YoY Sales Growth | |---------|--------------------|--------------------------|------------------|------------------| | Gummies | $23.70 | $9.34 | 5.9% | 120.8% | | Caramels, Chews, and Taffy | $17.10 | $0.23 | 47.2% | 178.1% | | Chocolate | $19.38 | $0.61 | 5.2% | 63.4% | | Candy, Lozenge, and Gum | $16.22 | $0.12 | -13.8% | 71.9% |
Data Snapshot Dec 03, 2024

Top Cannabis Brands in Ohio

Market Trends

Product Category Market Share In Ohio

Monthly Cannabis Sales

Historical Cannabis Sales In Ohio

Ohio Cannabis Reports

Report
November 27, 2023

Ohio Cannabis Market Overview

Ohio presents a significant opportunity in the cannabis industry. It is currently one of the largest medical markets in the US, with total sales exceeding $400 million year to date. The recent legalization of recreational cannabis through a successful ballot measure is expected to propel the market to unprecedented levels in the coming year. As the seventh largest state in a region that is still relatively new to cannabis, Ohio has the potential to become a billion-dollar adult use market.

Ohio Cannabis News

Blog
September 25, 2024

Estimating Ohio's Cannabis Market Size: Potential for a $2B+ Industry

Ohio's cannabis market is poised to exceed $2 billion in annual sales as it matures, driven by its large population and proximity to states without recreational cannabis. Key factors influencing growth include competitive pricing, the expansion of licensed retailers, and Ohio’s strategic geographic advantages.
Blog
August 12, 2024

Ohio Legalization - Early Results

Take a look at early sales numbers in Ohio's adult use cannabis market.
Blog
August 5, 2024

Ohio's Cannabis Market: A New Era of Opportunity

Explore Ohio's burgeoning cannabis market as it (finally) transitions to adult-use sales on August 6, 2024. Look for a $1B near-term with market projections indicating potential growth to $4 billion.
User rating
OH
Emerging

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