Oklahoma’s $140 million medical cannabis program powered by affected person fee

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Oklahoma’s medical marijuana gross sales are exceeding projections, due to affected person participation charges among the many highest within the nation.

The Oklahoma Medical Marijuana Authority has enrolled greater than 3.5% of the state’s inhabitants as sufferers in its first 12 months, based on the Tulsa World.  The stronger-than-expected participation fee is close to the highest of all MMJ applications throughout the nation.

Fast affected person enrollment and persevering with sturdy enterprise license exercise have translated into excessive gross sales.

The 2019 Marijuana Enterprise Factbook not too long ago projected that Oklahoma MMJ gross sales would hit $140 million-$180 million this 12 months, a variety that’s even larger than what was anticipated a number of years after market launch.

The Tulsa World report was primarily based on the state reaching about 140,000 authorised sufferers as of June 17.

The state has since reported 146,381 authorised sufferers as of July 1, which means one other 6,000 have been added prior to now two weeks.

Enterprise license exercise additionally continues to sizzle. As of July 1, state regulators had authorised 3,397 grower, 1,605 dispensary and 905 processor licenses. These numbers additionally proceed to develop at a reasonably robust clip.

Oklahoma’s medical marijuana company attributes robust affected person participation to minimal monetary obstacles and a scarcity of restrictions on qualifying affected person circumstances.

– Related Press and Marijuana Enterprise Day by day



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