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Tag: ohio marijuana

Bill introduced to change Ohio’s marijuana laws

Ohio Senate Bill 56 is looking to increase the excise sales tax on recreational marijuana sales from 10% to 15%.

Darius Walters, with Nar Reserve, a dispensary in downtown Columbus, said he can’t imagine a higher tax.

“Politics play a big role in our economy every day. It would be ridiculous to not pay attention to what’s going on with our board and how it affects our business,” said Walters.

He thinks if a higher tax were to happen, it would push customers to a different avenue of marijuana sales.

“I think it will push the medicinal side more. It’s very cheap to get a medicinal card,” he said.

The tax revenue from recreational sales is set for four different categories.

One of the categories is the cannabis social equity and jobs fund, which is used for social equity and job initiatives. Senate Bill 56 looks to get rid of that fund.

The bill also wants to limit the number of home-grown marijuana plants to six per household. Right now, a household with two people can have up to 12 plants.

For Walters, he said he expected there to be potential changes from the legislature about marijuana sales. But he said overall, he knows the sale of marijuana in Ohio will benefit people.

“The money will help the community once it gets allocated and designated for the specific categories,” said Walters.

You can read the full Senate bill here: https://www.legislature.ohio.gov/legislation/136/sb5

Read: https://www.wkyc.com/article/news/local/ohio-bill-increase-sales-tax-on-recreational-marijuana/530-f6b443ec-ae39-4daf-9bda-b4b9a103144c

Bipartisan Statehouse bill would legalize marijuana in Ohio

Ohioans 21 and older would be able to cultivate, purchase and possess marijuana if a bipartisan bill passes in the Ohio Statehouse.

State Reps. Jamie Callender (R-Concord Township) and Casey Weinstein (D-Hudson) introduced House Bill 168 — also known as the Ohio Adult Use Act — earlier this month. The bill would also allow conviction records for prior cultivation and possession offenses to be expunged.

“Adult-use is good for our economy, good for our justice system, and the right thing to do,” Weinstein said in a news release. “Ohioans are ready to legalize cannabis.”

HB 168 would put a 10% sales tax on adult-use cannabis products. Researchers at Ohio State University estimate the potential annual tax revenue generated from adult-use cannabis in Ohio ranges from $276 million to $374 million in year five of an operational adult-use cannabis market.

Read more: https://www.wkyc.com/article/news/politics/northeast-ohio-state-reps-bipartisan-bill-legalize-marijuana/95-c340bceb-fe1b-485a-a503-5e6d9cfabcbb

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