Ohio’s Cannabis Market to Reach $1.65B in 2027, Says BDSA
LOUISVILLE, Colo. – BDSA, the leading provider of market intelligence for the cannabis industry, today announced the expansion of its Retail Sales Tracking and Menu Analytics products to include the Ohio medical cannabis market. This expansion comes as a response to the growing demand and dynamic growth of the Midwest cannabis markets, including Ohio, which experienced 26% sales growth in 2022 and is on track to reach $520 million in sales by the end of this year. Despite having only a few years of legal sales under its belt, the Ohio cannabis market has exhibited strong early growth that indicates continued expansion for the future. BDSA projects that Ohio will launch adult-use cannabis in 2025, contributing an estimated $300 million in that year alone. As a result, the total legal cannabis market in Ohio is anticipated to surge to $820 million in 2025 and an impressive $1.65 billion in 2027, establishing Ohio as one of the fastest-growing legal cannabis markets in the United St...