Ohio becomes the 24th state to legalize recreational cannabis, joining a growing movement across the country. This decision reflects the will of the people and sends a clear message to the federal government that it is time to regulate cannabis.
The voter-approved measure allows adults over the age of 21 to purchase and possess up to 2.5 ounces of cannabis and grow some plants at home for personal use. Legal sales will be taxable, with proceeds going to dispensary communities, small and minority business development, and addiction treatment.
While this is a big step forward, the hard work has just begun for regulators, lawmakers and business operators. The law will take effect on December 7, and state regulators have nine months to issue licenses to existing medical cannabis applicants and two years to issue additional licenses to other applicants.
Ohio’s recreational cannabis program has the potential to generate significant revenue, with estimates ranging from $1.5 billion to $4 billion in the first year alone. It could also create thousands of jobs and boost the economy.
As Ohio embarks on this new journey, it is important to ensure that the industry is effectively regulated, with strong controls to prevent bad actors from entering the market and to ensure that sales remain within the state.
The legalization of recreational cannabis in Ohio is a huge step forward for our state and nation. It is a sign of progress and reflects the growing acceptance of cannabis as a legitimate and beneficial substance. Let’s work together to make this program a success and to ensure that Ohio’s cannabis industry is a model for other states.
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