The Ohio Division of Cannabis Control (DCC) released sales numbers for the first week of adult-use recreational cannabis sales, August 6-10.

The state’s licensed dispensaries sold more than $11.5 million over those first five days, according to DCC data. Medical cannabis sales were below their weekly average of $9.3 million, coming in at $8.3 million. Nonetheless, combined Ohio dispensaries generated almost $20 million in sales for the first week cannabis was available for both medical and recreational use.

Those sales put the state on pace to generate more than $1 billion in sales in the first year. By comparison, Michigan dispensaries sold about $984 million in 2020, the first year of combined sales. Michigan’s cannabis sales are on pace to hit $3.3 billion this year, the state’s fifth of combined sales. According to Cannabis Business Times, California dispensaries are projected to sell more than $4.7 billion in adult-use and medical cannabis this year, while Illinois is projected to sell $2 billion, and Massachusetts is projected to sell $1.8 billion.

According to Michigan Tech News, that state’s dispensaries are not yet concerned about the competition from nearby stores in Toledo and Bowling Green, largely because prices here are noticeably higher.

“The supply and demand isn’t there yet in Ohio, and just like Michigan … until you get it oversaturated, you’re not going to see prices come down,” Camden Miller, a manager with the Pinnacle Emporium located along the Ohio border in Morenci told the website. “Within the next few years, I’m sure it will start having more of an impact.”

Nonetheless, many in the industry are impressed by the first week of recreational sales in Ohio.

“Any way you look at it, Ohio had incredible performance in the first week of sales that is on par or exceeds revenues for other adult use launches, like Illinois,” Jason Erkes said of Chicago-based Cresco Labs told the Canton Repository.