James V. Canepa has been named the first Superintendent of Ohio's Division of Cannabis Control.
His role involves overseeing both medical and non-medical cannabis regulation.
Local media reported Canepa brings experience from his tenure as Superintendent of the Division of Liquor Control, where he led significant modernization efforts.
Cleveland's officials have eliminated pre-employment cannabis testing for many public roles, aligning with the newly enacted marijuana legalization measure.
This policy change applies except for safety-sensitive positions and aims to broaden the applicant pool for city jobs, reported NORML.
Emerging Trends in Ohio's Cannabis Market
Market Composition (Q3 2023)
- Flower-based products: 53% of sales.
- Vapes: 23%.
- Edibles: 14%.
- Extracts: 4%.
- Shake/Trim products: 2%.
Consumer Purchase Trends (2020 to 2023)
- Informal purchases (from friends/family): Decreased from 60% to 21%.
- Purchases from regulated dispensaries: Increased from 22% to 33%.
Brand Presence in Ohio Market (Q3 2023)
- Multi-state brands: 70% of the market.
- Top 10 best-selling brands: Eight are Ohio-exclusive.
Photo: AI-Generated Image.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.