Oklahoma

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.

Tue
21
Jul

How Did Oklahoma Become The Country's Hottest Cannabis Market?

The astonishing success of Oklahoma’s MED market may be best illustrated by the recent closure of the state’s largest dispensary: the Apco Med Shop in Oklahoma City.

When the COVID-19 pandemic hit, “the Capitol was closed down, and our store in downtown Oklahoma City lost all its foot traffic,” Dedre Galvez, who manages the company’s Tulsa location, said.

In other words, the clientele for the Sooner State’s biggest dispensary came mostly from government employees. How many of them were legislators can’t be known, but thanks largely to Oklahoma’s relatively lenient MED rules, the company’s “Tulsa shop is thriving.” 

Mon
13
Jul

OKlahoma: State temporarily halts enforcement of some marijuana business rules

Pending litigation, the Oklahoma attorney general’s office temporarily has agreed the state will not enforce some medical marijuana laws that could force some dispensaries to close their doors.

On Monday, Oklahoma’s assistant solicitor general agreed the Oklahoma State Department of Health and the Oklahoma Medical Marijuana Authority will not enforce certain residency and location requirements that pertain to medical marijuana businesses and how long their owners have resided in Oklahoma.

Wed
08
Jul

Oklahoma Medical Marijuana Authority set to enforce laboratory testing

The Oklahoma Medical Marijuana Authority is finally ready to enforce laboratory testing months after it became legal.

Oklahoma Medical Marijuana officials said in April that they would require medical marijuana products sold by a processor or grower to be tested by a licensed laboratory.

“All medical marijuana products had required testing for a very long time now, but the requirement that it goes to a lab that’s licensed by OMMA is a new enforcement,” said Kelly Williams, deputy director of the Oklahoma Medical Marijuana Authority.

Williams said the OMMA extended that deadline from April to July to ensure there were enough labs meeting the licensing and accreditation requirements.

Thu
25
Jun

Oklahoma cannabis businesses sue over residency, location requirements

Several medical marijuana businesses in Oklahoma are asking a judge to block the state from enforcing laws they say could prevent some licensed cannabis businesses from continuing to operate.

The businesses are asking an Oklahoma County district court judge to block the Oklahoma Medical Marijuana Authority from requiring cannabis business owners to be residents of the state for at least two years and mandating that dispensaries be located more than 1,000 feet from schools and preschools.

The laws, passed by Oklahoma's Legislature in 2019, sought to clarify State Question 788, which legalized medical marijuana in the state. But some cannabis entrepreneurs say the laws are on the verge of putting them out of business.

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