While Medical Marijuana Details Are Worked Out, Sales Forecast Comes In
Though the state is still hammering out the details of how its medical marijuana program will work when the law allowing it takes effect next month, experts are predicting it will be a multi-hundred million dollar industry. Statehouse correspondent Karen Kasler reports.
Chris Walsh tracks the pot industry for Marijuana Business Daily, and he estimates Ohio medical marijuana sales of up to $400 million a year.
And he says there’s a reason for that buried in the list of conditions in the law for which doctors will be able to recommend pot.
“In states that include pain as a condition, you can see anywhere from 1% to 2% of the population sign up for cards and begin buying medical marijuana.”
The law takes effect in three weeks, and there’s no word on many cultivation licenses will be issued.
A request for $1.8 million in funding for the medical pot program goes before a panel of lawmakers on Monday.