Oklahoma loses nearly 40% of licensed medical marijuana operators in 12 months

Main Hemp Patriot
1 Min Read

A reckoning is under way in the Oklahoma medical marijuana market.

Over a 12-month period through July 2024, the number of commercial MMJ businesses in the state decreased by nearly 40%, according to a fiscal year 2024 annual report recently published by the Oklahoma Medical Marijuana Authority (OMMA).

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Through July 2024, the total number of licensed MMJ operators totaled 6,937, down from 11,330 a year earlier.

Licensed medical cultivators, dispensaries and processors all experienced significant shifts over the 12-month period.

Grower permits fell to 3,645 in July 2024, down nearly 44% from 6,497 in July 2023.

Licensed dispensaries dropped 27%, from 2,852 to 2,051.

MMJ processing licenses decreased 39% from 1,792 in July 2023 to 1,092 a year later.

The licensing decline

Read full article on Marijuana Business Daily

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