cannabis revenue estimates

$218 million: the annual tax revenue if Ohio adopts a cannabis tax. According to a study by Ohio State, by year 5, the tax revenue is estimated to be $404 million. Voters are set to approve a cannabis tax this November. Ohio will place a 10% excise tax plus the state sales tax at 5.75% plus the local sales tax from 0.25% to 2.25% on sales of cannabis.