Marijuana Business Factbook 2019

Marijuana Business Factbook 2019 Chapter 2 | State-By-State: Legal Overview, Market Data and Outlook 26 © Copyright 2020, Marijuana Business Daily , a division of Anne Holland Ventures Inc. You may NOT copy this Factbook, or make public the data and facts contained herein, in part or in whole. For more copies or editorial permissions, contact CustomerService@MJBizDaily.com or call (720) 213-5992, ext. 1. CHART 2.02: Market Highlight: 2019 Medical Marijuana Sales In Oklahoma By Month Source: Oklahoma Tax Commission © 2019 Marijuana Business Daily, a division of Anne Holland Ventures Inc. All rights reserved. 2019 Medical Marijuana Sales In Oklahoma By Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec $0M $10M $20M $30M $40M $50M Es�mated Monthly MMJ Sales $12.4M $18.2M $23.3M $31.2M $35.7M $40.0M $42.4M $43.4M $39.6M $47.3M $4.4M $7.1M Oklahoma’s medical cannabis industry has far exceeded expectations, quickly becoming one of the largest and fastest-growing MMJ markets in the nation. In 2019, tax collection data indicates that more than $345 million of MMJ was sold in the state. Furthermore, this is just the first year of sales in Oklahoma, so it’s likely that these already sky-high sales figures are set for several more years of double-digit growth. The state has placed few restrictions on the industry, licensing over 4,000 growers and 1,500 dispensaries to-date. Currently, more than 234,000 patients in Oklahoma have registered for MMJ, representing nearly 5% of the state’s population. That’s already one of the highest rates of MMJ patients per-capita, and it shows no sign of slowing down. Although the high number of licensed businesses in the state mean it could be difficult for any one of them to really gain a foothold in the market, this will likely shake out in the coming years as the more efficient, sophisticated operators rise to the top.