Oklahoma Medical Cannabis Business & Marijuana Legal News

Chart: Oklahoma medical marijuana sales far exceed expectations

In less than a year, Oklahoma’s medical marijuana industry went from nonexistent to one of the largest and most valuable cannabis markets in the nation. According to tax receipts released by the Oklahoma Tax Commission, sales of medical marijuana in the state stood at just over $258 million through the first 10 months of 2019 […]

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Oklahoma to license cannabis labs, but businesses must test batches

Medical marijuana regulators in Oklahoma are close to licensing testing laboratories, but MMJ growers and processors in what had been a lightly regulated market have been required to test product batches for pesticides and potency for nearly two months. State regulators said they would begin accepting lab applications on Nov. 1. Melissa Miller, assistant director […]

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Oklahoma credit union stops serving medical cannabis companies

A credit union serving Oklahoma’s medical marijuana industry decided to stop doing so, a move that affects nine accounts and deals a setback for the state’s MMJ companies. Tulsa-based Encentus Federal Credit Union told the Tulsa World that serving the MMJ industry was too costly and the regulatory burden too great. The credit union informed […]

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Oklahoma greenlights 7,000-plus medical marijuana licenses in first year

Oklahoma regulators approved more than 7,300 business licenses in the first year of the state’s high-flying medical cannabis program, including nearly 4,300 grower permits, according to recently released figures. The state also opened up applications for a new stand-alone license category: transporter. Previously, only licensed growers, processors or dispensaries could receive a transporter permit. New […]

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Chart: Medical marijuana markets expanding at varying rates, with Oklahoma, Florida setting the pace

While medical marijuana is legally available in 36 states and Washington DC, the fragmented nature of the industry – each state creates its own set of rules – means each market grows at a different rate. The new quarterly release of the Marijuana Business Factbook presents updated profiles of each state market, highlighting the growth […]

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7 Oklahoma cannabis shops file suit, seek release from ‘Facebook Jail’

Seven Oklahoma medical marijuana dispensaries have sued Facebook, claiming the social media giant placed them in “Facebook Jail” for posting about their operations. The lawsuit by the Oklahoma dispensaries is the latest of a flurry of complaints by cannabis companies against Facebook and other social media sites, such as Instagram. “Facebook Jail” is when a […]

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Oklahoma cannabis firm faces copyright lawsuit

A Canadian children’s entertainment company filed a lawsuit accusing a medical marijuana dispensary chain based in Tulsa, Oklahoma, of copyright infringement. Toronto-based Nelvana Enterprises’ suit, filed in federal court in Tulsa, alleges that Treehouse Dispensaries “willfully copied and is using a confusing similar imitation” of a logo it has employed in children’s television programming since […]

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Oklahoma medical cannabis businesses prepare for ‘necessary’ rules that will up compliance costs

Oklahoma medical marijuana companies are on the verge of facing new regulations that will increase compliance costs. Expanded costs are expected in a wide range of operations, including: Seed-to-sale tracking and package labeling. Product testing. Waste management. The regulations require MMJ businesses to install inventory tracking systems by late August and devote more resources in […]

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Oklahoma’s medical cannabis program powered by rapidly growing patient pool

Oklahoma’s medical marijuana sales are exceeding projections, thanks to patient participation rates among the highest in the country. The Oklahoma Medical Marijuana Authority has enrolled more than 3.5% of the state’s population as patients in its first year, according to the Tulsa World.  The stronger-than-expected participation rate is near the top of all MMJ programs […]

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Marijuana Business This Week: Canopy, Acreage shareholders vote, Springfield selects, OK inspects & more

Here are some notable stories and events to watch for in the coming days: DAY OF DECISION: Shareholders of Canopy Growth and Acreage Holdings are scheduled to vote Wednesday on the much-heralded megamerger of the two companies. If consummated, it would become the first major Canadian/U.S. cannabis transaction. Each company’s shareholders will vote separately. At least […]

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Dixie Brands to enter Oklahoma marijuana market through deal with Globus

Dixie Brands, a Denver-based consumer packaged goods company, said it is entering the Oklahoma medical cannabis market through a manufacturing and distribution agreement with Globus Holdings. Oklahoma marks the sixth state where Dixie has operations. The company trades on the Canadian Securities Exchange under the ticker symbol DIXI. There are roughly 130,000 medical marijuana patients in […]

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Oklahoma health regulators to begin inspecting medical cannabis businesses

The Oklahoma health department will begin inspecting manufacturers and dispensaries that produce or sell food and beverage products infused with CBD and medical marijuana. Those businesses are required to have food licenses and the grace period for getting them has passed, health officials told Oklahoma City TV station KFOR. To read more about the department’s […]

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