Ohio Cannabis Real Estate & Regulations
Zoned Properties in Ohio
Population:
11.78 million (2021)
Local Zoned Broker:
Affiliated Partnerships Available
Number of Retail Licenses:
131 (Medical Cannabis Dispensaries)
Licensing Status:
Awarding licenses since 2018
Legal Status:
Recreational
Cannabis Sales:
$1.37 billion (Cumulative Medical Cannabis Sales Since Legalization Up To 2023)
License Dynamic:
Limited
Delivery Allowed:
No
Drive Thru Allowed:
No
Let’s Connect You With Business-Friendly, Compliant Zones In Ohio!
Finding compliant real estate properties for your investment portfolio or Cannabis business goes beyond meeting local and state regulations. Even though that is unbearably challenging and draining, you must also consider how business-friendly the environment is.
You have to worry about:
- Availability of Cannabis real estate properties in the municipalities
- Zoning restrictions
- Proximity to the market
- Community acceptance
- Security, building codes, environmental regulations, and licensing criteria
- The resale value of the property.
All these conditions can stifle your efforts to find quality properties.
You don’t have to worry about that anymore, as our professionals help you do the heavy lifting, putting you in a position where you simply select one of many high-yielding, compliant properties to establish your business.
Site Identification
We will help you identify and buy into the most profitable Cannabis real estate properties in Ohio, assuring you of speed and efficiency, along with complete compliance with local and state zoning regulations.
Brokerage
We work with the most experienced team of brokers across Ohio to connect our clients with the perfect property deals that meet their needs. Whether you’re selling, buying, leasing, or renting, we will connect you with real estate properties that check your boxes.
Investment
At Zoned Properties, we diligently research the market and analyze the financial risks and returns before certifying a property worthy of investment. We have unhindered access to some of the most profitable, high-yielding Cannabis real estate properties in Ohio, waiting for you to invest.
Ready To Invest In Cannabis Real Estate In OH?
The medical Cannabis industry in Ohio is snowballing, which may be due to the state’s large population coupled with the acceptance rate of Cannabis products. In the first month of launching medical Marijuana sales, the state recorded a whopping $5.2 million.
The market has grown exponentially since then, leading to an overall increase in sales MoM and a total recorded product sale of $1.3 billion as of June 2023. This is the perfect time to invest in the Cannabis real estate industry in Ohio.
Leverage the ever-growing nature of the Cannabis industry in Ohio to own some of the highest-yielding, compliant Cannabis real estate properties to boost your portfolio and give your business a solid foundation to grow.
Send us a message today, and we will connect you with promising properties in Ohio.
Ohio Cannabis Regulations
State Cannabis Overview: Ohio is one of the oldest states in the US to decriminalize the possession and use of Cannabis in 1975. However, it wasn’t until 2016 that medical Cannabis was legalized for 21 qualifying conditions.
There have been moves in recent times to legalize recreational Marijuana; however, it met strong resistance. Another proposal with over 130,000 signatures is expected to go towards the 2023 ballot.
Licensing: Ohio started awarding licenses in 2018 through the Division of Cannabis Control (DCC). The state awarded 58 licenses in September 2018 and has increased that number to 131 by granting another 73 licenses via a lottery system. This means that towns like Delaware, Cambridge, New Lexington, and others will now house a few dispensaries.
The state of Ohio offers four types of Cannabis licenses, including the following:
- Medical Cannabis cultivation license
- Medical Cannabis processor
- Medical Cannabis dispensary (pharmacy)
- Medical Cannabis testing laboratories
Local Authority: Local authorities in Ohio have the power to create and enforce further regulations for the Cannabis businesses within their jurisdictions. They can make laws regarding zoning, facility structure, operating hours, and manner of operation.
These stringent regulations and restrictions can frustrate your efforts to find suitable properties to invest in or establish your business. Let our professionals ease you of that burden and connect you with properties with promising ROI. Send us a message today! Or call: 18773608839
Median Age: 39.5 years
Median Income: $31,078
Regulations last updated as of: August 2023
Have any Questions?
How many cannabis licenses are there in Ohio?
There are 226 Cannabis licenses in the state of Ohio, and here’s a breakdown of how they are distributed among the different types of businesses.
- Cannabis processors: 46 provisional licenses
- Testing facilities: 10 provisional licenses
- Dispensaries: 41 provisional licenses and 92 certificates of operation
- Cultivators: 23 level I provisional licenses and 14 level II provisional licenses.
How big is the Cannabis Market in Ohio?
The state of Ohio owns one of the most successful Cannabis markets in the country, reaching a total of $1.37 billion in sales five years after legalization. Note that the state currently only has a medical Marijuana market.
Over the past five years, sales have consistently grown month over month and are projected to grow even further as more patients apply for medical cannabis cards. Recreational Cannabis proposals are expected to be considered in the 2023 ballot, which could become a defining decision for the market.
How much does it cost to own a dispensary in Ohio?
It costs approximately $85,000 to own a medical Cannabis dispensary license in Ohio. Applicants must pay a non-refundable application fee of $5,000, followed by an $80,000 annual license fee. The state sets license renewal fees at $80,000 to be paid annually.
Still have questions? Contact us
Disclaimer: The information provided on this website does not, and is not intended to, constitute legal, financial, or other professional advice. All information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; Zoned Properties does not recommend or endorse the contents of the third-party sites.
Sources:
https://en.wikipedia.org/wiki/Cannabis_in_Ohio (number of Licenses)
https://news.wosu.org/2022-05-18/ohio-more-than-doubling-the-number-of-medical-marijuana-dispensaries
https://ohiostatecannabis.org/licensing
https://medicalmarijuana.ohio.gov/documents/ProgramUpdate/Historical%20Sales%20Data.pdf (Total product sales)
https://www.medicalmarijuana.ohio.gov/Documents/ProgramUpdate/Program%20Update.pdf (total number of licenses)
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