Oklahoma

Mon
30
Nov

How One of the Reddest States Became the Nation’s Hottest Weed Market

Man in front of greenhouse plants

One day in the early fall of 2018, while scrutinizing the finances of his thriving Colorado garden supply business, Chip Baker noticed a curious development: transportation costs had spiked fivefold. The surge, he quickly determined, was due to huge shipments of cultivation supplies—potting soil, grow lights, dehumidifiers, fertilizer, water filters—to Oklahoma.

Fri
06
Nov

More Than Half Of US States Have USDA Approved Hemp Plans

After a flurry of activity, 27 US states now have hemp plans approved by the US Department of Agriculture.

The passage of the 2018 Farm Bill saw hemp no longer classified a Controlled Substance, and the USDA was directed to approve hemp production plans submitted by states and Indian tribes to ensure hemp would be grown in harmony with the Bill and regulations set by the Department.

Thu
15
Oct

This 10-year-old boy says CBD helps ease his symptoms of Tourette Syndrome

A 10-year-old boy with Tourette Syndrome says CBD has helped him and he’s wondering if it could do the same for others.

Bryson Jones recently released a video, marking Mental Health Day, in which he details his experience with Tourette Syndrome and how CBD has worked for him.

Thu
08
Oct

Oklahoma's Numerous Dispensaries Presents Distribution Challenges For Brands

To understand the unique distribution challenges of Oklahoma’s exploding cannabis market, one must first address the question that has preoccupied researchers, entrepreneurs, and investors ever since Oklahoma became second in the nation for dispensaries per capita, trailing only Oregon. That question being,  “Why Oklahoma?” According to a 2018 Verilife study, for every 100,000 Oklahomans there are approximately 15.6 dispensaries.

Thu
03
Sep

CannaCon: Grow the Industry With Us

CannaCon the seminal cannabis convention is coming back to Oklahoma City Monday, September 28 to Tuesday, September 29 at the Cox Convention Center.

With over 100 exhibitors showcasing some of the best products in the industry including world class genetics, the latest in packaging, and the latest in extraction equipment, you will find everything you need to grow your cannabis business. CannaCon is dedicated to supporting emerging markets, and Oklahoma is home to a quickly growing medical cannabis industry.

Wed
26
Aug

Medical Cannabis Testing Lab In Oklahoma Under Investigation

The regulatory agency charged with overseeing Oklahoma’s medical marijuana program has opened an investigation into a cannabis testing lab in the state over allegations of false product test results, Tulsa World reported on Monday.

A spokesperson for the Oklahoma Medical Marijuana Authority confirmed to the newspaper that the Oklahoma City-based F.A.S.T. Laboratories “has pending inquiries with the OMMA and the Oklahoma Bureau of Narcotics and Dangerous Drugs.”

Fri
14
Aug

Oklahoma: Cannabis sales through June nearly eclipses all of 2019

Oklahoma cannabis users are on pace to spend twice as much this year compared to 2019.

As of June, Oklahomans spent more than $385 million this year on medical marijuana. That's nearly the entire amount spent during 12 months last year, according to an analysis of data from the Oklahoma Tax Commission.

Much of that boost came during the early days of the coronavirus pandemic, when collections of the 7% tax on medical marijuana rose dramatically. Sales have leveled off, however, and dipped slightly in June to an estimated $74.8 million.

Mon
10
Aug

Oklahoma: Medical marijuana tax revenue in July exceeds $12 million

As the number of licensed medical cannabis patients passed 8% of Oklahoma’s population, the Oklahoma Tax Commission reported taxes levied on sales in July exceeded $12 million.

State Question 788, approved by 57% of those who voted in the June 2018 election, included provisions for a 7% tax on medical cannabis sales.

The Oklahoma Tax Commission interpreted that tax as an excise tax, and businesses have collected it since October 2018, in addition to the 4.5% in state sales taxes and taxes imposed by counties or municipalities.

The 7% tax resulted in about $5.24 million in proceeds in July, according to OTC statistics.

Mon
03
Aug

Major Cannabis Companies Shun Oklahoma

The state recorded $365 million in sales in 2019, the first full year, and that number is estimated to grow to $950 million by 2025. So what’s the problem?

Mon
27
Jul

7 States May Be Voting on Marijuana in November

Despite it being a crazy year, Americans can't lose sight of the fact that Election Day is a little over three months away. At stake are 435 seats in the House of Representatives, roughly a third of all seats in the Senate, and, of course, the Oval Office.

But it's an equally important election at the state level. No matter what happens federally, it's unlikely that marijuana's scheduling will be changed anytime soon. This means state-level cannabis legalizations will continue to play a major role in growing the U.S. pot industry.

Pages

Subscribe to RSS - Oklahoma