TLLTF - Cannabis Companies And Advocates Praise Ohioans After Hard-Fought Legalization Success | Benzinga
As Ohio voters approved a ballot initiative to legalize adult-use cannabis, industry leaders and advocates are congratulating their mid-western friends for a job well done.
Tim Conder, CEO of TILT Holdings (OTCMKTS: TLLTF), which is already operating in Ohio, said the results reaffirm that Ohioans as well as Americans overwhelmingly support cannabis legalization, which will take effect in 30 days.
"As a proud participant in Ohio’s medical cannabis program since 2016, we look forward to serving even more Ohioans with high-quality cannabis products and personalized recommendations and care,” Conder told Benzinga in an email. "Ohio’s adult-use program will create more jobs, more tax revenue and greater investment in communities statewide.”
Conder's got that right.
The sale of retail cannabis products, which will be taxed at 10%, on top of Ohio’s normal sales tax are anticipated to generate between $276.2 ...