Ohio’s Legalization of Recreational Cannabis Could Take Money from Michigan Suppliers

By Cody Yarbrough, Contributing Writer The cannabis industry is booming across the country, and Ohio is the newest state to legalize the buying and selling of the herb for recreational use. After a split 53%-47% vote last year’s election and months-long delays caused by petty politics in the state’s legislature, as of August 2024, the Buckeye State is now the 24th state to pass the measure. The benefits of the measure were felt almost immediately throughout the state. Dozens of dispensaries saw blockbuster profits on day one as lines of customers wrapped around the block, and cannabis fuel parties and events encouraged people to buy more products. The profit generated during the first week has exceeded market expectations and has filled the pockets of both business owners and the state coffers. However, while Ohio enjoys the success of its already booming new industry, here in Michigan, many experts and dispensary owners are expecting the worst. This wouldn’t be the first time that Ohio has ruined something for Michigan, but it surely would be one of the more expensive cases. In 2023, Michigan came out No. 1 in the nation in the number of cannabis products sold with 24.2 million units...