How Much Money Would Legal Marijuana Bring Ohio?

By Anne Saker

OHIO: Just how much money will Ohio rake in should voters approve Issue 3?  Right now, friends, the best I can find is some educated guesses because no one has implemented a limited-grow model for legal marijuana, as Issue 3 would establish. But the guesses do contain the word billion:

$2.26 billion: Total of retail sales of legal marijuana and marijuana products in 2020. This number comes from a task force assembled by the private investor group ResponsibleOhio, which drafted the proposed constitutional amendment that now is Issue 3. Hamilton County Prosecutor Joe Deters led the task force.

The task force report also estimated the 10 farms growing the commercial crop would make $1.1 billion in 2020, and the processors – the middle men – would pull in $726,760,994. The numbers were vetted by the Cleveland economic analysis firm of Burke Rosen.

Advocates Press For Marijuana Legalization Measure On D.C. Ballot

DISTRICT OF COLUMBIA:  The District should set aside the warnings of its attorney general and let voters decide whether they want to legalize marijuana possession in the nation’s capital, advocates for the measure argued Tuesday before the D.C. Board of Elections.

The band of marijuana advocates is seeking to make the District one of the first East Coast cities to legalize marijuana possession. If it successfully gets the measure on the November ballot, legalization has a strong chance of being approved, according to a recent Washington Post poll, and it could hasten the arrival in Washington of a debate that has simmered mostly in Western states.

Last week, D.C. Attorney General Irvin B. Nathan urged the Elections Board to reject the proposed ballot initiative, saying it would put at least one aspect of D.C. law in conflict with federal law.