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Columbus Metropolitan Club - 2-21-2024 - High Stakes - How Legal Weed Will Reshape Ohio

With the November passage of Issue 2, Ohio became the 24th state - plus the District of Columbia - to legalize recreational marijuana. Pot's approval means the state's cannabis industry is poised for major expansion, with predictions that the first year of sales could reach $2B, with annual sales potentially climbing to $4 billion within just a few years, according to industry monitor MJBizDaily. Ohio is seen as fertile territory for the pot industry to take off, with multiple major companies vying to dominate the Buckeye State's enormous new and as-yet untapped market for marijuana sales. Yet the State House isn't yet done making changes to the citizen-initiated statute passed by Ohio voters - with everything from the number of plants home growers can possess, to the tax to be levied on pot sales, to the legal levels of THC permitted in plants and extracts - still to be determined by lawmakers. One thing is for sure: recreational marijuana is poised to become both incredibly lucrative and pervasive in Ohio. With an expert panel, we unpack the present and future of Ohio's blooming pot industry.

Featuring Ariane Kirkpatrick, CEO, Harvest of Ohio, James Canepa, Superintendent of the Division of Cannabis Control, Ohio Department of Commerce, and Gus Burns, Cannabis Industry Reporter, MLive, with host, Kate Siefert, Reporter, ABC 6 and FOX 28 Columbus

February 21, 2024