Ohio Becomes the Latest State to Report Record Monthly Marijuana Sales

Joining a growing list of states and even countries that have notched new all-time highs for marijuana sales, Ohio hit a new record in March. During the month, almost $13 million worth of product was sold there, according to state data analyzed by Crain's Cleveland Business. It was not apparent how much growth this represented from either the previous month, or from March 2019.

As with other geographies posting peak monthly sales in March, Ohio's new peak is due largely to stay-in-place measures imposed to mitigate the spread of the SARS-CoV-2 coronavirus. The state's sales particularly jumped in mid-month, just before those widely anticipated measures were announced. In fact, the week of March 16 took the crown for highest weekly revenue in the state's history, at $3.8 million.

This pattern implies that users were stocking up in case they were later unable to obtain product. Ohio's dispensaries, however, are still allowed to operate since the state has deemed them to be essential businesses that should remain open.

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Source Fool.com