New data from the state of Oklahoma, released in January 2024, shows that the number of active cannabis licenses has dropped dramatically over the past 12 months. A mixture of oversupply, crackdowns on illicit operators and a complete moratorium on new licenses has resulted in a 27.4% decline in active licenses in the state. This is a mixture of transportation, processor, dispensary and cultivation licenses effecting the entire supply chain.
Recreational use is still not legal, but medical marijuana is. Even the number of registered medical cannabis patients has declined these past 12 months. Down 11% since early 2022, the usage trend in Oklahoma is definitely on the decline – evidenced by the dozens of dispensaries all over the state who have shuttered their doors.
For those who don’t know, Oklahoma rejected a recreational legalization initiative earlier this year.
