Ohio could be making upwards of 120,000,000 in marijuana tax, according to a new study by Nerd Wallet. But currently, we’re, uh, not. 

The study puts potential national gains via state and local taxes at $3,098,866,907 per year, and notes that number is more than twice the entire budget of the Small Business Administration in 2013. 

Editor’s note: An earlier version of this story incorrectly stated Ohio could make $556,286,435. Hat tip to reader CLE12345 for catching the error.

This article appears in Sep 24-30, 2014.

Alaina Nutile is the Web Editor who oversees all digital content and social media initiatives for Cleveland Scene Magazine and Detroit Metro Times. Before joining the staff in June 2013, she interned at Business Insider in New York City, and at La Hora in Quito, Ecuador. Alaina is a graduate of Kalamazoo College in Michigan, where she double majored in English and Spanish. Her interests include Japanese food, Breaking Bad, and career development advising.

2 replies on “Ohio Could Be Making $122,994,931 in Marijuana Tax, Study Says”

  1. The language in the title and body appear to be incorrect. The estimated marijuana market size in OH is reportedly $556M. The estimated tax benefit to the State is $123M.

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