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July 30, 2020Oklahoma’s Rapid Medical Cannabis Ramp-Up
August 2, 2020
- Oklahoma’s medical cannabis market has the highest patient saturation of any state in the U.S., with nearly 8% of residents registered.
- That rate is more than 2x that of other markets with relatively high saturation (e.g., Arizona, with 3.4%).
- Oklahoma has achieved its remarkable participation rate within two years, whereas Arizona’s saturation rate grew over more than nine years.
- Oklahoma notably also has more licensed cannabis retailers per resident than does any other state, including those with both medical and adult- use markets.
- While Oklahoma has 5.35 licensed cannabis retailers per 10,000 residents, Montana follows it with 3.54 — less than two-thirds of those in the Sooner State.
- The state’s outlying number of cannabis business licenses is a function both of its keeping no statewide cap, and the relatively low cost of a license; compared to $2,500 in Oklahoma, cultivation licensure costs 80x more in New York ($200,000), 50x more in Maryland ($125,000), or 40x more in Illinois ($100,000).
