This story was republished with permission from Crain’s Cleveland Business.

That figure represents retail sales recorded by the Ohio Division of Cannabis Control from Aug. 6, when recreational marijuana was first sold in the state by licensed dispensaries, through April 5.

Comprising that total is about $434.2 million in recreational sales and approximately $222.2 million in medical.

The market has continued to grow in line with retail prices steadily decreasing since last August.

During the first week of adult-use sales in August, the average price of cannabis flower was $26.59 per one-tenth of an ounce and $9.40 per gram, according to DCC. Manufactured products cost an average of $31.06.

Between the week of March 30 through April 5, prices on average for cannabis flower stood at $19.77 per one-tenth of an ounce — a nearly 26% decrease since early August — and $6.99 per gram. Manufactured products cost $28.57 on average.

Legal cannabis was first sold in Ohio under the medical program in January 2019. Since then, the state has generated more than $2.5 billion in marijuana sales.

And while the market continues to grow at a good clip, the industry is operating at a fraction of the size of neighboring Michigan. Of course, that market is grappling with some challenging industry dynamics, including an over-supply of product and business licenses. Those factors have been contributing to business failures and the lowest prices for legal cannabis in the country.

According to data from Michigan’s Cannabis Regulatory Agency, the average retail price for flower in that state had cratered to $85.55 per ounce in March.

Nonetheless, Michigan has generated just shy of $2 billion in licensed cannabis sales in just the first three months of this year.

That’s a stark contrast to Ohio, where cannabis sales topped $2.5 billion in six years and four months.

Ohio’s legal cannabis industry is clearly losing an unknown chunk of business to Michigan as consumers here cross the border for cheap products.