The Oklahoma medical marijuana industry continues to steamroll ahead after being passed into law in the middle of 2018. The industry has added thousands of patients in the first 8 months of existence. The rate of patient registrations seems to be growing as well. Now two months into the new year, the state licensing agency is seeing around 4,000 new patient applications every week! This number has risen steadily from the start of the industry less than a year ago. As more and more potential patients hear the benefits of medical marijuana, we expect more patients to register as official medical marijuana cardholders. With this, the future continues to look bright for the young Oklahoma medical marijuana sector which should benefit both businesses and patients alike. With that in mind, there also seems to be a larger trend lately of cannabis becoming more accepted across the country. Let’s dive in a take a deeper look!
Expanding Patient Count for Oklahoma Medical Marijuana
The state licensing agency, Oklahoma Medical Marijuana Authority (OMMA) has reported large increases in the number of patients applying for access to medical marijuana. The agency says that there has been over a 20% increase in the number of weekly applications jumping from 3,200 per week in early January to over 4,000 per week in February.
Luckily the agency increased its processing times to help with increased demand. This trend is also taking place at the dispensary level. With increased patient counts from the state, this translates into an increased number of customers coming into stores each day. Luckily, there are a plethora of stores and we with The Peak Dispensary have a ton of locations available for new patients. We welcome any new Oklahoma medical marijuana patients who are looking for a store to call home!
We are so excited to share that Peak Dispensary CEO was quoted regarding the matter in the news piece by OKC Fox stating, “Back in November, we were averaging about 30 to 40 patients per day,” said Corbin Wyatt, the CEO of Peak Dispensaries. “Now, in early February, we’re averaging about 130 patients per day.” This trend makes sense since more applications to the state licensing agency will eventually lead to an increase in a number of patients. Furthermore, these exciting growth numbers suggest that the Oklahoma medical marijuana market is here to stay. With that in mind, we with The Peak Dispesnary are excited to continue to serve the great patients that make up the Oklahoma medical marijuana marketplace.
A Growing Trend
Luckily, here in Oklahoma, we have seen a boom to the medical marijuana industry. There have been hundreds of stores which have opened to serve the now thousands of Oklahoma medical marijuana patients. The industry is well on its way to becoming a cornerstone for the Sooner state.
We are also seeing the same trend take place across the country as cannabis regulations as a whole are becoming more acceptable. Thanks to the 2018 Farm Bill, hemp has been legalized at the federal level. Hemp is essentially cannabis with a THC level of less than 0.3% THC in it. Further to this point, more and more states have come online to support medical marijuana, adult-use cannabis, and CBD regulations. Hopefully, in the coming years, we will see the federal government pass regulations which will further propel the cannabis plant into a legitimate place.
In closing, we are thrilled to see the Oklahoma medical marijuana industry growing with a larger patient count. We are confident the more patients utilizing Oklahoma’s medical marijuana regulations, the more the sector will have legitimacy. In turn, this should help us with The Peak Dispensary provide our patients with the best in class service. As always, if you ever have a question about Oklahoma medical marijuana, feel free to let our staff know. We are happy to help where we can! & until next time friends, stay well!