Oklahoma of all the places!!
Oklahoma’s medical marijuana industry is shaping up to be one of the most unique MMJ markets in the nation, with a large number of players vying for attention.
Just three months after voters approved State Question 788 – a ballot initiative legalizing medical marijuana in Oklahoma – regulators have awarded more than 1,100 business licenses throughout the state.
That figure includes nearly 400 dispensary and 600 cultivation licenses, putting Oklahoma’s MMJ industry nearly on par with Colorado’s adult-use market in terms of the amount of licensed businesses.
The large number of licensees in a state with roughly 4 million residents raises questions about how profitable the new businesses ultimately will be.