Oklahoma issued most marijuana cultivation licenses in 2020
Oklahoma now leads the nation in amount of active Marijuana Cultivation Licenses
A recent article from Marijuana Business Daily showed Oklahoma issued 88 more marijuana cultivation licenses than California in 2020, with a total of 2,392 licenses — the most in the nation. Oklahoma now accounts for 38% of all active cultivation licenses in the country.
Oklahoma added $6 million to its state coffers through cultivation licenses alone. As of Nov. 7, the state collected $25 million from all commercial cannabis licenses, double what Oklahoma collected in 2019.
-Andrew Long @ Marijuana Business Daily
According to OMMA data, there are currently 9,595 active marijuana business licenses in the State. Two-thirds of them are growers. Current statutes don’t place a limit on the amount of plants Oklahoma medical marijuana growers are allowed to produce, which is also exploding a market that brought $116 million in tax yields for the state from January to November of 2020, also more than double the total collections from 2019.
As the industry continues to grow, regulations will naturally shift and evolve to keep up. At Gies Law Firm we understand the intersection of cannabis and corporate law, and are connected to the pulse of the industry and its growers. We provide intimate awareness and expert council on how to keep cultivating excellence together.
We helped secure over 100 Oklahoma Medical Marijuana business licenses for our clients last year and are proud of what contributions they continue to make to our great state.
It’s incredible to visualize where Oklahoma has placed itself on the map in terms of medical marijuana policy and cultivation over the years. We are here to help you envision yourself as a part of its future. From securing licenses to property, compliance assurance and entity creation, Gies Law Firm is on a mission to keep Oklahoma growing.
Contact us today to learn how we can help you start your Oklahoma medical marijuana business in 2021 or support new business goals and restructuring initiatives to make it bloom.
