Ohio

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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

As 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 […]

2018 Midterm Influences on Cannabis in the Midwest

The Midwest is a mixed bag when it comes to cannabis laws; but following the 2018 Midterm Elections the trend is definitely towards a more comprehensive and unified region with a positive outlook on cannabis, both medical and recreational. While North Dakota has been struggling to get their medical marijuana industry up and running while […]