The Next Generation Cannabis Platform
Opportunistic Market Regulatory Updates
Ohio
On November 7, 2023, a voter-initiated adult-use statute passed by a 57-43 margin (16)
Adult-use sales are projected to bring in over $4 billion by its fourth (17)
year
Ohio will become the fourth largest state with a cannabis recreational market (17)
New law effective on December 7, 2023 (effective date) (18)
Sales start nine months after the effective date, or Sept. 7, 2024 (¹8)
Medical marijuana licenses are entitled to adult-use licenses given the following: (18)
o Adult-use licenses will be issued if a medical marijuana licensee submits a complete application meeting all
requirements
o On or before Sept. 7, 2024, adult-use licenses will be issued to medical marijuana licensees with compliant
applications
Jushi License Expansion Opportunity
Potentially expand to 15k sq. ft. of cultivation area
o Currently 3k sq. ft. allowed under the medical marijuana tier II Cultivator License
(18)
• Potentially entitled to the following adult-use licenses:
One Level II Cultivator License co-located with the medical marijuana tier II license cultivation facility
o One Adult-Use Processor License co-located with the medical marijuana processor facility
o One Adult-Use Dispensary License co-located with the medical marijuana dispensary
o One Adult-Use Only Dispensary License
▪ No geographic restriction or regional limitation
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