Cannabis Status
Medical Only
Overview of Medical Cannabis in Ohio
House Bill 523 was passed as a legislative bill in 2016. Patient is required to be registered with the state by their doctor. Patients from other states may be allowed if the state they are registered in have similar requirements and they have entered into an agreement with Ohio to purchase and use medical cannabis in the state.
Possession Limit
Three month supply of: 8 oz of Tier I, 5.3 oz of Tier II flower, 25.66 grams of THC in topicals such as lotion of patches, 9.9 grams THC in edibles like tinctures or capsules, 53.1 grams THC in oil for vaporization. Patients whose doctors have determined that they are terminal are allowed to have slightly higher limits.
Hemp Status
Legal
Overview of Hemp in Ohio
Hemp was federally legalized in the 2018 Farm Bill, signed December 20, 2018.
Cannabis Inventory and IFRS Biological Assets – Inventory Records
in Alaska, California, CannaBlog, Colorado, Maryland, Massachusetts, Michigan, Nevada, Ohio, OregonAs cannabis companies continue to move to the public markets in Canada, high quality inventory records become much more important. Not only is there greater disclosure and scrutiny of financial information, but International Accounting Standard 41: Agriculture (IAS 41) requires additional computations on biological assets (plants and all inventory derived from those plants) to bring […]
Reflections on Cultivate ’18
in CannaBlog, Ohio