OH Monthly Puff: Ohio Cannabis Sales Top $1 Billion In 2026
Top Headlines This Month
- 📋 Vext reports record Q3 revenue of $14.9 million
- 📋 New rules cap adult-use edible, beverage THC Oct 5
- 📋 Three companies pitch Hamilton’s first recreational dispensary
- 📋 Ohio marijuana sales top $1 billion in 2026
Ohio’s cannabis market had a loud October, and the Ohio cannabis Vext Q3 revenue report set the tone with a record $14.9 million quarter driven almost entirely by in-state sales. New potency caps reshaped what adult-use shoppers find on shelves, Hamilton moved toward naming its first recreational dispensary, and statewide sales crossed $1 billion for 2026. Here is what moved this month.
📋 OHIO: VEXT REPORTS RECORD Q3 REVENUE OF $14.9 MILLION
Vext Science (OTCQX: VEXTF) reported record quarterly revenue of $14.9 million for the third quarter ended September 30, 2026, up 23% from the second quarter and 18% year-over-year. Ohio carried the quarter, with state revenue rising 37% to $10.9 million, led by the Fairfield dispensary completing its first full quarter and by company-grown flower from Jackson selling to buyers beyond Vext’s own stores. Operating cash flow reached $2.366 million, double the $1.182 million from the prior quarter, as inventory built earlier in the year converted to cash. The company’s net loss widened to $4.884 million from $2.628 million a year earlier, and adjusted EBITDA fell to $195,000 from $1.513 million. In August, Vext acquired its Jackson cultivation and manufacturing property for $6.0 million, replacing a lease with ownership through refinanced loans at a fixed 8.64% rate. CEO Eric Offenberger said the company deliberately slowed production to sell through first-half inventory, which weighed on margin but turned into cash.
Vext expects its seventh Ohio dispensary in Columbus to open in the first quarter of 2027, and on October 28, 2026 it received a provisional dual-use license from the Ohio Division of Cannabis Control for an eighth store in Amelia, expected to open by the end of the third quarter of 2027 subject to regulatory approvals. The quarter also absorbed regulatory friction in Ohio, including the Jackson dispensary closure from September 1 to 17 and an administrative hold on Vapen-branded products that the DCC released on October 14 based on testing data. The growth shows how a single state can anchor a retailer’s results as Ohio’s adult-use market matures and more locally grown product reaches shelves.
📋 OHIO: NEW RULES CAP ADULT-USE EDIBLE AND BEVERAGE THC STARTING OCTOBER 5
Beginning October 5, 2026, Ohio regulations took effect that change dosing and purchase limits for adult-use cannabis edibles and beverages and bar certain additive-containing products. Adult-use edibles such as gummies, chocolates, and honey-based products are now limited to 10mg THC per serving and 100mg THC per package. For oral drops, the THC content for each portion or serving shall not exceed ten mg, and the THC content for each package of oral drops for direct customer sale shall not exceed one gram. The state also stopped permitting the sale of cannabis products containing caffeine, melatonin, nicotine, or similar additive ingredients, which regulators said can introduce additional effects outside the scope of cannabis regulation. The rule does not necessarily prohibit ingredients that naturally contain caffeine or vitamins, such as coffee or chocolate. Products already on shelves that combined cannabis with energy, sleep, or nicotine ingredients could be sold through October 4 before the new requirements applied.
The reset lands squarely on the adult-use side of the market, since registered medical patients keep their existing higher-potency access, including edibles with up to 55mg THC per serving and 550mg THC per package. That split means dispensaries now carry two tiers of potency for the same product categories, and adult-use shoppers will see fewer high-strength options on the shelf.
Source:
https://www.trulieveoh.com/understanding-ohios-new-rules-on-edibles-beverages/
📋 HAMILTON: THREE COMPANIES PITCH CITY’S FIRST RECREATIONAL DISPENSARY
On October 28, three cannabis companies presented competing plans to Hamilton city council for the city’s first recreational marijuana dispensary, and council must now pick where it goes. All three applicants meet Hamilton’s zoning rules, and because state law bans dispensaries within one mile of each other, only one can ultimately be licensed. Cascade Southern Ohio wants to open an UpLift dispensary next to Shooters on Northwest Washington, a site the company said would bring up to 45 jobs and about 400 customers a day. GTI Ohio, which operates six dispensaries across the state, proposed a Rise dispensary on a 2.5 acre lot also off Northwest Washington, with about 20 jobs and up to 300 customers on busy days. Jushi, under its Beyond Hello brand, pitched a smaller shop off Main Street near Applebee’s, with up to 14 jobs and about 300 customers a day. The meeting was a first reading and public hearing, and council will weigh traffic, neighborhood impact, jobs, and community feedback before picking a single site next month.
Hamilton voters helped pass Ohio Issue 2 in 2023, and after a temporary local ban, council approved dispensaries as a conditional use in certain zones in July. A second reading, and possibly a vote, is set for the November 11 council meeting, which will determine which of the three brands gets the one license the mile spacing rule allows.
📋 OHIO: MARIJUANA SALES TOP $1 BILLION IN 2026
Ohio’s legal marijuana market has generated an estimated $1.05 billion in sales during 2026, pushing combined medical and recreational sales to $4.43 billion since the programs began. The Ohio Division of Cannabis Control reported on October 16 that total product sales reached $4,425,955,615 through October 10, split between $1,987,109,580 in recreational sales and $2,438,844,126 in medical sales. Of the 2026 total, roughly $904.3 million came from recreational purchases and $146.4 million from medical, meaning recreational products accounted for about 86% of the state’s market this year. The latest figures mark a $136.5 million increase from September 5, when cumulative sales stood at $4.29 billion. Recreational sales launched on August 6, 2024, following voter approval in November 2023, and now make up nearly 45% of all marijuana sales recorded in the state even though the medical program has operated since January 2019. Licensed dispensaries have sold 681,864 pounds of plant material and more than 74.6 million units of manufactured products across more than 51.6 million transactions. Ohio currently has 232 dual use dispensaries authorized to serve both patients and recreational consumers, plus 47 more holding provisional licenses.
The state also lists 37 operating cultivators, 45 processors, and six testing laboratories, with 9,894 individuals holding active industry employee licenses, a sign of how much the supply chain has filled out since regulated sales began. Average flower prices for the week ending October 10 came in at $6.55 per gram, or $18.55 per one tenth of an ounce, while manufactured products averaged $23.32, giving retailers a clear read on where consumer pricing sits as the market crosses the billion dollar mark for the year.
The Bottom Line
November’s Ohio cannabis market update is a story of scale. Vext posted a record $14.9 million quarter led by Ohio, statewide sales topped $1 billion for 2026 and $4.43 billion since launch, new potency caps split adult-use and medical shelves on October 5, and Hamilton is set to pick its first recreational dispensary. The Ohio marijuana industry keeps filling out as more locally grown product reaches stores.
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