420 with CNW — Analysis Shows Ohio Stands to Collect $404M in Annual Cannabis Taxes
Ohio has the potential to witness a substantial boost in its yearly tax revenue, reaching an impressive $403.5 million from the sales of recreational marijuana, according to a fresh analysis by researchers at Ohio State University. The researchers base their tax revenue estimations on the initial years of sales, drawing insights from comparable markets in other states. The study primarily hones in on the patterns of cannabis sales in Michigan, a neighboring state with a similar population size. Additionally, Michigan's tax structure bears a striking resemblance to the one that Ohio would likely adopt if the legalization measure gets the…

















