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How to open a dispendary in ohio

The state of Ohio will be offering 73 more Medical Cannabis Dispensary licenses. The Pharmacy Board are not expected to start accepting applications before June 2021.

Green Rush Consulting prepared a winning application on behalf of a Level I medical marijuana cultivator.

On June 9, 2016, Ohio Governor Kasich signed HB 523 into law, authorizing the creation of a new medical marijuana framework in Ohio. The Ohio Board of Commerce and Board of Pharmacy accepted applications in 2017, awarded provisional medical marijuana cultivator licenses in November 2017, provisional medical marijuana dispensary licenses in June 2018, and initial provisional medical marijuana processor licenses in August 2018 with more forthcoming. Due to delays in licensing, the program will not be available for patients in time for the original legislated date of September 8, 2018.

 

Marijuana Business Daily forecasts the Ohio medical marijuana market to be $200-400 million at maturity. The state conservatively estimates a patient population of about 120,000, or 1% of the state’s population.

 

The medical marijuana program in Ohio includes:

 

  • Medical marijuana cultivators

  • Medical marijuana processors (extraction and manufacturing)

  • Medical marijuana dispensaries

 

Licenses and Fees:

Ohio will be offering 73 more Dispensary licenses. They are expected not to offer it before June 2021.

Cultivator Level 1

$20,000 Application fee, $180,000 Licensure fee, and $200,000 Renewal Fee.

Cultivator Level 2

$2,000 Application Fee, $18,000 Licensure Fee, $20,000 Renewal Fee.

Processor

$10,000 Application Fee, $90,000 Licensure Fee, $100,000 Renewal Fee.

Dispensary

$5,000 Application Fee, $80,000 Licensure Fee, $80,000 Renewal Fee.

Cultivators Level 1, 2 and Processor licenses are unavailable at this time.

Ohio law only authorizes medical marijuana recommendations for the following qualifying conditions:

 

  • AIDS

  • Amyotrophic lateral sclerosis (ALS)

  • Alzheimer’s disease

  • Cancer

  • Chronic traumatic encephalopathy

  • Crohn’s disease

  • Epilepsy or another seizure disorder

  • Fibromyalgia

  • Glaucoma

  • Hepatitis C

  • Inflammatory bowel disease

  • Multiple sclerosis (MS)

  • Pain that is either chronic and severe or intractable

  • Parkinson’s disease

  • Positive status for HIV

  • Post-traumatic stress disorder (PTSD)

  • Sickle cell anemia

  • Spinal cord disease or injury

  • Tourette’s syndrome

  • Traumatic brain injury (TBI)

  • Ulcerative colitis

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Estimated market size

Ohio medical marijuana dispensaries have sold $2.2 million in product, according to new state figures for a total of 288 pounds, or 4,608 ounces sold.

how to start a marijuana business Ohio

If you are just starting your marijuana business, the next best step is to start a Business Plan to help educate your team and be ready to apply for a marijuana business license. If you are ready to apply for a Marijuana Business License in Ohio, please Contact us or call our offices to set an appointment to get started. You can also select another State Opportunity, or fill out our Contact Form to discuss potential strategies such as Investment or Partnership Opportunities.