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Oklahoma s Cannabis Market: What Investors, Entrepreneurs Need To Know

Oklahoma’s medical cannabis market is one of the more unique. With lax regulations and a simple pathway to licensing, the state created a market with over 10,000 actively licensed dispensaries, growers, and processors for a state with approximately 644,000 registered patients as of 2019-2020. At the same time, the state’s land is cut in half due to a 2020 Supreme Court decision ruling that the land belonged to Native American reservations already on the land prior to Oklahoma’s founding. Tribes are not included in Oklahoma’s laws and must create regulations for their land. Oklahoma stands out for its unique regulations but also for its strong cannabis performance so far. Sales more than doubled in 2020 compared to 2019, totaling $831 million.

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