Introduction
Ohio’s journey towards recreational cannabis legalization is progressing rapidly. With recent approvals for cultivation and processing licenses, the state is preparing for the anticipated launch of adult-use cannabis sales.
Key Developments
- License Approvals: Ohio has issued 34 adult-use cannabis licenses, encompassing cultivators, processors, and testing laboratories. Notably, dispensaries are still awaiting their final approvals.
- Cultivators and Processors: Among the recent approvals, prominent companies like Verano and Cresco Labs have received dual-use certificates for cultivation and processing.
- Dispensary Status: Despite the issuance of numerous cultivation and processing licenses, no dispensaries have been green-lit yet, delaying the retail sales of adult-use cannabis.
Market Implications
The dual-use licenses will enable businesses to serve both medical and adult-use markets, fostering a robust cannabis supply chain. However, the market’s full functionality depends on the final approval of dispensary licenses.
Conclusion
Ohio’s cannabis market is on the brink of a significant transformation. As the state moves closer to legalizing adult-use cannabis, the emphasis on thorough licensing and regulatory processes ensures a well-structured and inclusive market.
| Business | Type | City | County | Issued |
|---|---|---|---|---|
| Pure Ohio Wellness | Level I Cultivator | Springfield | Clark | July 19 |
| Green Thumb Industries | Level I Cultivator | Toledo | Lucas | July 19 |
| Klutch Cannabis | Level I Cultivator | Akron | Summit | July 19 |
| Cresco Labs | Level I Cultivator | Yellow Springs | Greene | July 24 |
| Riviera Creek | Level I Cultivator | Youngstown | Mahoning | July 24 |
| CannaMed Therapeutics | Level I Cultivator | Columbus | Franklin | July 24 |
| Grow Ohio | Level I Cultivator | East Fultonham | Muskingum | July 24 |
| Greenleaf Gardens | Level I Cultivator | Middlefield | Geauga | July 24 |
| Farkas Farms | Level II Cultivator | Grafton | Lorain | July 19 |
| FN Group Holdings | Level II Cultivator | Ravenna | Portage | July 24 |
| Verano | Level II Cultivator | Canton | Stark | July 24 |
| Fire Rock Cultivation | Level II Cultivator | Akron | Summit | July 24 |
| Riviera Creek | Processor | Youngstown | Mahoning | July 19 |
| One Orijin | Processor | Columbus | Franklin | July 19 |
| Green Thumb Industries | Processor | Toledo | Lucas | July 19 |
| Pure Ohio Wellness | Processor | Springfield | Clark | July 19 |
| Klutch Cannabis | Processor | Akron | Summit | July 19 |
| FN Group | Processor | Ravenna Township | Portage | July 19 |
| Cresco Labs | Processor | Yellow Springs | Greene | July 24 |
| Beneleaves Limited | Processor | Columbus | Franklin | July 24 |
| Certified Cultivators | Processor | Dayton | Montgomery | July 24 |
| Grow Ohio | Processor | East Fultonham | Muskingum | July 24 |
| Verano | Processor | Canton | Stark | July 24 |
| Fire Rock | Processor | Columbus | Franklin | July 24 |
| Pinnacle Testing | Testing Lab | Akron | Summit | July 24 |