Ohio medical marijuana patients are still unhappy with prices, though Michigan’s cannabis market may influence their expectations and motives. As Michigan moves forward with its retail cannabis market, Ohio medical marijuana patients are still unhappy with prices. CBD and THC products are expensive in Ohio, even though the state has some of the lowest taxes on medical marijuana in the country.
The average price per ounce of usable cannabis in Michigan is $211, while it’s $485 per ounce in Ohio – more than double! Even considering Ohio’s lower tax rate, this price difference is significant.
As Michigan moves forward with its retail cannabis market, Ohio medical marijuana patients are still unhappy with prices.
Even with recent changes to state law that allow for higher potency products and expanded qualifying conditions, patients say they struggle to find affordable medicine.
CBD and THC products are expensive in Ohio,
After all, the average price per ounce of usable cannabis in Michigan is a whopping $211 – more than double what it is in Ohio! So what accounts for the high prices in Ohio?
Indeed, no matter how you break down cannabis prices in Michigan, they are significantly lower than what’s currently being charged in Ohio.
This is where it gets interesting. The national average is $326.06 an ounce. The price of the marijuana flower has been on a downward slide in most states, with the $241.74 average cost per ounce in Colorado, for example, falling from $206 to $150.
Michigan’s marijuana prices have been shockingly high (for now…), but they’re likely to drop as competition in the recreational and medical markets heats up. And, as the cost of cannabis falls, licensed medical marijuana processors in Ohio may also be compelled to lower their prices for CBD and THC products.
One is that a much more comprehensive range of products is available. In Ohio (and many other states), only raw cannabis flowers, oils, and tinctures are available. However, additional products, including oils, edibles, tinctures, lotions, body balms, and other topicals, can be purchased in Michigan.
However, the high demand for cannabis in Michigan is not the only factor that has driven the price of medical marijuana. Another major factor is that Michigan does not allow for the retail sale of cannabis – a situation that seems likely to endure.
This situation has placed a burden on caregivers – who are often not professionally trained in cannabis cultivation – to take on the production and sale of medical marijuana. The absence of retail outlets also prevents patients from shopping around for the best prices, which could result in price gouging and drive patients to seek out cannabis in the black market.
People v Sherman, __ N.W.2d __ (Mich. 2016). (The ruling in Sherman was not a shock, as Michigan had already clarified that its medical marijuana law does not allow for sales of cannabis by dispensaries as early as 2011.
Until a functioning system of medical cannabis dispensaries is in place, the price of medical cannabis will continue to be high.
Marijuana is generally used in the United States. According to federal government estimates, 22.2 million Americans have used it in the past month and many start using it in their adolescent years.
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