A Republican lawmaker in Ohio has introduced a bill that would raise adult-use marijuana sales taxes, limit home grows and prohibit social equity licenses and job programs.

Senate Bill 56, introduced by Republican Sen. Steve Huffman, would increase the sales tax from 10% to 15% and cap the number of cannabis stores in the state at 350, according to The Columbus Dispatch.

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The proposal, which also includes decreasing THC potency caps from 90% to 70% and home-grown plants from 12 to six, is a deviation from the will of voters, who overwhelmingly approved legalizing the cultivation and sale of recreational marijuana in a November 2023 ballot measure.

Leading up to that vote, lawmakers in the state’s Republican-dominated General Assembly vowed to make

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Products in Ohio’s recreational marijuana market are showing signs of price contraction only five months after sales began.

Adult-use sales for the market topped $242.2 million in 2024, meeting industry expectations for the potential of a market that launched on Aug. 6.

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And while sales are growing, an analysis of weekly adult-use data from Ohio’s Division of Cannabis Control (DCC) shows the price per item/pound in almost all the categories slid with more than half the products experiencing double-digit declines.

Plant material, which accounts for 52% of recreational sales in Ohio, almost doubled since the market opened.

Ohio consumers bought 2,158 pounds of plant material in the first week of January 2025, up from 1,284 pounds in the week ending Aug. 10.

But declining

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Tiby Erdely (Courtesy photo)

(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.)

Cannabis capital markets have faced significant challenges over the past few years.

As investors who have been actively involved in the industry since 2019, we have had the privilege of experiencing every market cycle – from euphoric highs to sobering lows.

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Despite these fluctuations, today’s market environment presents an unparalleled opportunity for discerning investors, thanks to unique deal structures, compelling valuations and the ability to identify and back exceptional management teams.

Challenges and opportunities

The marijuana industry’s struggles with access to capital have fundamentally reshaped the competitive landscape.

Over the past two years, funding sources have dried up, leaving many companies to adapt

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