How many marijuana businesses in Oklahoma are capable of supporting?
The American West of marijuana. They call it Oklahoma for a good reason, too. In Oklahoma, there is a greater concentration of cannabis businesses than in many other states. In California, there are about 21 dispensaries for every 100,000 residents (as of 2021). Is that the case in Oklahoma? Compared to California, where there are 49 retail stores for every 100,000 residents, Colorado has more than double the number.
The number of cannabis businesses in a state should be determined by its population density. According to the most recent census data, California has a population of 39.51 million people. Only 3.957 million people call Oklahoma home. Approximately 10% of the population is affected.
There’s a problem with math. Does that mean that Oklahoma has twice as many marijuana users as California? That doesn’t seem likely just based on cultural differences.
Oklahoma’s proximity to states with restrictive and unfriendly medical marijuana programs is largely ignored. Like the Lone Star State. Population? Approximately 29 million people live south of Oklahoma in 2019. Is there anything further north? Kansas does not have a medical marijuana program at this time. The Kansas House of Representatives passed the bill in May of 2021, despite the fact that In a state with only 3.957 million residents.
How often can cannabis businesses thrive there? As soon as you look around, you’ll see it. Oklahoma has several estimations for marijuana entrepreneurs for a variety of reasons. Because the region’s demand for cannabis far outstrips the region’s supply, even if cross-border buying of medical marijuana isn’t addressed.
How Many New Dispensaries Opened in Oklahoma?
This year, the Oklahoma Medical Marijuana Authority (OMMA) recently published a report on the medicinal marijuana market. The medical marijuana industry in Oklahoma is well-documented in this report, which provides a wealth of information. The company is booming. Literally.
Oklahoma had 11,636 medical marijuana-related businesses as of June 1, 2021. There were 9,266 registered cannabis businesses in the state as of June 2020. In Oklahoma in 2021, there will be:
- 7,850 growers and cultivators of marijuana
- There are 2,264 dispensaries that provide medical marijuana.
- A total of 1,402 licensed food processors
- A total of 81 transportation and logistics companies
- Twenty-five cannabis testing labs
- The following are ten businesses that deal with marijuana waste:
- A team of cannabinoid experts
- One cannabis educator with a degree in education.
Vertically integrated states have a lower number of cultivators and growers. As a result, each dispensary grows and processes its medical marijuana. In their own dispensaries, they’ll package and sell it. In contrast, vertical integration is absent in Oklahoma. Patients will face new challenges as a result of this shift.
There are no restrictions on where Oklahoman growers can sell their products. There are many different types of cannabis products that fall under this umbrella. In Oklahoma, vertical integration is permitted, but it is not required.
Growers now have a path to market. Many growers can now sell their wares to any licensed cannabinoid processor or dispensary after obtaining a license. An updated list of OMMA-licensed growers was published on August 4, 2021. It’s 575 pages long, too.
Is Oklahoma’s medical marijuana market being inflated by Texas patients’ anger?
As a person who suffers from an autoimmune disorder and chronic pain, I am uniquely qualified to offer insight into this topic. I am unable to use medical marijuana in Texas because I am a state resident.
To me, obtaining a Texas medical card seems pointless at the moment. Medical marijuana reform gives me a lot of hope. However, it appears that a significant political shift is required in Texas. The Texas House approved a bill to increase the potency of capsules, tablets, cannabis oil, to a whopping 5%. The Texas Senate overrode the governor’s veto and lowered the tax rate to 1%. Because of this, it’s only slightly more potent than CBD oil.
I used cannabis oil with a 10- to 15 percent maximum THC concentration when I lived in Canada and had a medical card. Both moderate chronic neuropathy pain and a clinical anxiety problem. It also assisted with my sleeplessness.
There are a lot of Texans who are excited about Oklahoma’s new non-resident medical card. Does anyone know that even if you have an Oklahoma marijuana card, crossing a border with it can still result in felony charges? Some people do this. They believe that because the cannabis industry is non-existent in other states, they have no choice but to ‘break the law.’
The New Non-Resident Medical Card in Oklahoma
To obtain a medical card in some states, you must be a legal resident (have a physical address) and show proof of residency. It is now legal in Oklahoma to apply for permission to get a medical card even if you don’t live there. Even if they’ve never been to Oklahoma before.
Oklahoma House Bill 2022 (endorsed by Rep. Scott Fetgatter) was passed on June 15, 2021, increasing the validity of the current non-resident card from 30 days to two years. That’s a massive shift in the balance of power. The non-resident medical card with a 30-day validity period was an excellent marketing tool. For a month-long vacation, lease a lake house & use medicinal cannabis. Most people think it’s a good idea. Particularly in the state of Texas, where medical marijuana is virtually unavailable to the general public.
Online applications for medical cards are now available to residents of any state. If they have a medical condition on OMMA’s extensive list of acknowledged diagnoses that makes them eligible. How can it be legal?? Considering the likelihood that tourists to Oklahoma will purchase, try, and then drive away marijuana products?
OMMA wants to make sure that people know that they can only use marijuana legally within the state of Oregon. Disclaimers are being considered to inform patients that taking Oklahoma medical marijuana out of state is a serious crime.
Can We Expect More Restrictions on Oklahoma’s Cannabusiness Licenses?
Given the large number of cannabis business licenses already issued, you’d think a moratorium would be in place. Oklahoma, on the other hand, thinks that more is better. Patients may benefit from increased competition and lower prices as a result of a larger number of marijuana cultivators and dispensaries.
Other advantages include the availability of the product. In addition, Oklahoma’s medical marijuana industry will generate more revenue from licensing and fees, as well as excise taxes. Patients are currently subjected to a 7.5% tax on all goods purchased. Further affirming its commitment to granting unlimited business permits, the state announced just recently that it would not be doing so. Entrepreneurs from Oklahoma, welcome!
The state’s capacity to support the cannabis industry, including growers and dispensaries, is unknown. Numerous, especially once the state starts issuing medical cards to non-residents. As a result, it is expected to boost the state’s marijuana tourism industry. Medical card holders should be able to get the potencies and products they need and want in the state where they live.
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