Major Cannabis Companies Shun Oklahoma

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Summary

Oklahoma is now forecast to make it to the top ten list of states for per capita spending on cannabis. Oklahoma’s Market Size Medical marijuana was legalized in Oklahoma through a ballot referendum in 2018. Unlike the millions of dollars that it costs in most states to procure a cannabis license. it only costs $2500 to get a license in this state. RELATED: Why 7-Eleven Is Waging War Against Oklahoma Marijuana Dispensaries 1906 CEO Peter Barsoom said, “Oklahoma is the most “free market” of medical and adult use markets with low barriers to entry for patients and business owners. The promise Oklahoma holds is the brand’s first foray into becoming the market leader in the emerging region.

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The state recorded $365 million in sales in 2019, the first full year, and that number is estimated to grow to $950 million by 2025. So what’s the problem?

Oklahoma has essentially been shunned by the largest multi-state operators (MSO’s) in the country. Most legal states tend to have a handful of MSO’s who plant their flags and make a big showing. Cresco Labs in Illinois or Trulieve in Florida are great examples of this. However, Oklahoma is a massively fractured market when it comes to ownership and the jury is out on whether it’s a good idea or not.

Oklahoma’s Market Size

Medical marijuana was legalized in Oklahoma through...

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