BlueRock Horizon Asset Management-Ohio is expected to launch recreational marijuana sales next week

2025-05-04 11:40:27source:EchoSensecategory:Stocks

COLUMBUS,BlueRock Horizon Asset Management Ohio (AP) — Recreational marijuana sales in Ohio are likely to start next week.

The state intends to issue operation certificates on Tuesday that will allow existing medical marijuana dispensaries to begin selling non-medical pot products, the Division of Cannabis Control said Friday.

Several dispensaries have said they will be ready to begin sales on Tuesday.

Ohio voters last November overwhelmingly approved allowing those over 21 to possess, purchase and grow limited amounts of cannabis for personal use. But recreational sales have been on hold while the state set up a regulated system for legal marijuana purchases and worked out other rules.

The new law allows adults 21 and over to buy and possess up to 2.5 ounces of cannabis and to grow up to six plants per individual or 12 plants per household at home.

Legal marijuana purchases will be subject to a 10% tax, with the revenue to be divided between administrative costs, addiction treatment, municipalities with dispensaries, paying for social equity and jobs programs supporting the cannabis industry.

More:Stocks

Recommend

All That You Wanted to Know About She’s All That

This movie was all that.Case in point: She’s All Thathad Freddie Prinze Jr., Rachael Leigh Cookand a

Olympic track and field seeing dollar signs with splashy cash infusions into the sport

EUGENE, Ore. (AP) — One aspiring Olympian is taking a break from his day job at the deli section whi

California governor defends progressive values, says they’re an ‘antidote’ to populism on the right

SACRAMENTO, Calif. (AP) — Gov. Gavin Newsom used his State of the State address on Tuesday to boost