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Ohio Cannabis Sales
Oct, 2024
Overview
The cannabis market in Ohio has demonstrated significant growth and dynamic pricing trends over the past two years. From January 2023 to October 2024, total sales have seen fluctuations with a notable peak in August 2024, where sales almost doubled compared to the previous month. This surge indicates a robust expansion phase, likely driven by increased consumer demand or regulatory changes. Average item prices in Ohio have varied, peaking in September 2024 at $38.13 and then adjusting to $35.16 in October 2024, reflecting the market's response to supply and demand dynamics.
Oct, 2024
Sales
Year Over Year
Growth
Market Comparison
When comparing Ohio to other major markets in the USA, Ohio's cannabis market size and growth rates are particularly noteworthy. For instance, in October 2024, Ohio's total sales were $77.15 million, significantly higher than many other states, with a year-over-year growth of 94.3%, one of the highest in the country. This growth rate surpasses that of larger markets like California, which saw a decrease in year-over-year sales growth. The average item price in Ohio also remains higher than in most states, indicating a market that can sustain higher price points due to strong consumer demand or less price sensitivity.
Category Performance
The Edibles category in Ohio has shown exceptional growth, making it a focal point for detailed analysis. In October 2024, the total sales for Edibles reached nearly $9.7 million, with a staggering year-over-year sales growth of 99.5% and a similar growth in units sold. This suggests a growing consumer preference for this category. The average item price slightly decreased from $24.86 in September 2024 to $24.43 in October 2024, which could indicate increased competition or more affordable product offerings.
Top Cannabis Brands in Ohio
Product Category Market Share In Ohio
Historical Cannabis Sales In Ohio
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