Oklahoma has been an open market when it comes to the cannabis industry. Oklahoma rule currently has no cap on the number of marijuana licenses that can be approved. Specifically, there are currently over 8,000 cultivations, 1500 processors, and 2,000 dispensaries in the state of Oklahoma.
However, the Oklahoma Medical Marijuana Authority (OMMA) has been unable to sufficiently staff for the number of licenses they have approved. The OMMA is responsible for ensuring all licenses are in compliance with state regulations. However, the state agency but have failed to do so as it currently stands. For instance, 40% of licensed businesses have not been paying state taxes. This among other issues were identified by the legislative office’s report.
The cap on licenses would allow the OMMA to bring current licenses into compliance with state regulation. It is unclear as to when Oklahoma will stop accepting marijuana licenses. With this in mind, you want to submit yours now to guarantee your spot in the industry. Luckily, we offer application writing services for cannabis licenses. We have several years experience in new and established industries. Click below to request a quote for services.