A marijuana business owner says it’s time for Ohioans to relax.
It could be a big one.
A cannabis business owner is predicting that recreational marijuana sales in the Buckeye State could top $100 million within five years.
And that’s despite the fact that Ohioans still haven’t been legalized yet.
John Roush, president of the Ohio Cannabis Business Association, said that, despite the early hurdles, Ohioans will be able to buy recreational marijuana from retailers like dispensaries and online.
There are already more than 1,000 dispensaries in the state.
He said that the industry could become a $100 billion industry.
Roush predicts that sales could reach $200 million within three years, with an estimated $20 million in annual revenues.
Rouse said that businesses have already begun selling to local government and that they’ll start to roll out recreational sales later this year.
He said he’s optimistic that the market for recreational marijuana in Ohio will be similar to the state of California.
He expects that recreational sales will hit $10 billion.