Cannabis Sales Go Flat Across Most States 36 Months after Legalization? – Ohio the Latest Legal State to Report 1% YOY Growth

Sales of medical marijuana officially began in January 2019. In 2020, income increased by an astounding 297%. However, subsequent years showed diminished year-over-year revenue increases, with 2021, 2022, and 2023 witnessing growth rates of 72%, 26%, and 1%, respectively. Despite a perceived slowdown attributed to market maturation, concerns have been raised.