Oklahoma Lost Almost 3000 Medical Cannabis Businesses This Year
That includes all types of business licenses
The number of licensed marijuana businesses in Oklahoma has fallen by one-third this year amid a regulatory crackdown and shifting market conditions inside the cannabis industry.
According to data published by the Oklahoma Medical Marijuana Authority, there are about 5,800 licensed cannabis businesses as of this month. A year ago, there were over 8,700.
That includes all types of business licenses.
The industry was collared in 2022 when lawmakers placed a moratorium on the issuance of new licenses for dispensaries, growers and processors. The moratorium is scheduled to end in August 2026.
With a moratorium in place, the only way to launch a new business is to acquire an active license. Lawmakers added extra steps to the license transfer process this year by requiring the Oklahoma Medical Marijuana Authority’s approval.
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