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Thursday, April 4, 2019

Cost of Ohio's Medical Marijuana is Still Higher Than Street Prices

Posted By on Thu, Apr 4, 2019 at 3:24 PM

PHOTO VIA MARK/FLICKRCC
  • Photo via Mark/FlickrCC
Maybe don't burn your weed dealer's number just yet.

Since the first four legal Ohio medical marijuana dispensaries opened on Jan. 16, the cost of legal. medically prescribed marijuana is significantly higher than more traditional street sales.

According to the Cleveland.com, the average cost of an ounce of legal marijuana on the first day of sale in Ohio was $539. Their research from crowd-sourced website priceofweed.com found that street estimates were $331 per ounce for high quality and $169 per ounce for low quality.

There are now 13 dispensaries, of the approved 56, now open across the state. Dropping the average cost to "only" $472 per ounce, still handily out-pricing legal weed in bordering states Pennsylvania and Michigan, and illegal weed wherever such a thing is sold.



It's not uncommon for marijuana costs to start out high when a state rolls out a new program, and prices are thankfully projected to drop as more dispensaries open, more crop is harvested and diverse products (like oils and edibles) hit the Ohio market.

Plus, the Ohio Medical Marijuana Control Program reports that less than 30 percent of patients with prescriptions have actually purchased medical marijuana as of early March. Previously, only raw flowers were sold, but as of Wednesday, tinctures (oral doses) are being sold at several dispensaries.

Ohio laws limit patients to a 90-day supply of medical marijuana. However, that count begins when the prescriber registers the patient, meaning that people who wait 15 days to pick up their prescription only receive 45 days worth of product. This limits patients who can't get to a dispensary immediately, and patients who can't afford the upfront costs of a 90-day supply.

As of last Sunday, 382 pounds of marijuana have been sold in Ohio this year, with sales totaling near $2.9 million. Patient purchases averaged six-tenths of an ounce (with the amount of active ingredients in the product varying by dispensary). The Ohio pharmacy board has designated a tenth as a daily dosage.

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