Oklahoma may be headed more a medical cannabis dispensary glut

The Oklahoma Medical Marijuana Authority has acquired almost 7,330 purposes for sufferers and 600 purposes for dispensary licenses, additional proof that the variety of sufferers will be far too low to help all of the state’s MMJ entrepreneurs.

Here’s what the state of affairs appears like proper now:

  • The ratio of medical marijuana sufferers to dispensaries would be a staggeringly low 12-to-1 if all present purposes have been accredited, the Tulsa World reported Monday.
  • The state, nevertheless, expects affected person registrations to climb to as many as 80,000 in this system’s first yr. That would be regardless of two main well being care techniques within the state – Saint Francis and Oklahoma State University Medical Center – prohibiting docs of their methods from recommending MMJ.
  • The variety of MMJ enterprise purposes and approvals are more likely to improve as nicely.

Regardless of how all these numbers play out, the business is predicted to be fiercely aggressive.

Bud Scott, government director of cannabis commerce group New Health Solutions Oklahoma, lately described the state of affairs to Marijuana Business Daily as a “free-for-all” requiring profitable companies to be capable of carve out area of interest markets and probably companion with others.

Although many within the state need mothers and pops in be concerned within the business, Scott stated, “when you have a free-for-all, it’s the well-financed and larger guys who survive.”

– Associated Press and Marijuana Business Daily

Categories: Briefs, Dispensary/Retail Store Business News, Legal & Regulatory News for Marijuana Businesses, Oklahoma Medical Cannabis Business & Marijuana Legal News, United States



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