Market Map

Oklahoma
Cannabis Market

Oklahoma Cannabis Market At-A-Glance

Overall Rating: B+
Oklahoma has the most dispensaries per capita than in any other legalized state. OK legalized medical marijuana in 2018 with no licensing caps. The House passed a bill in March 2021 that will limit the number of cannabis licenses starting September 2021 to September 2023. If the bill is passed in the Senate, a licensing cap for medical marijuana operations will go into effect in Oklahoma.
Medical Use: Yes
Adult Use: No
Market Potential
C
No caps on licensing makes Oklahoma a great market for obtaining a cannabis license, which also makes the market extremely competitive.
Licensing
A+
No caps, although this might change. Licensing fees are the same for growers, processors and dispensaries.
Competition
C
Since Oklahoma has no licensing cap, there are more dispensaries per square mile than any other state.
Tax/Regulatory Structure
A
Oklahoma tax rates are low. There is no local tax, just a state and excise tax.

Oklahoma Cannabis Details

Population (Rank)
3,940,521
28
Size/Density
54.1 sq. miles
41
Medical Cannabis?
Yes
2018
Adult-Use Cannabis?
No
NA
2018 Medical Sales
2022 Projected Medical Sales
$130,689,256
NA
NA
NA Adult Use Sales
NA Projected Adult Use Sales
NA
NA
NA
Regulatory Agency
Oklahoma Medical Marijuana Authority
https://oklahoma.gov/omma.html
# of Dispensaries (allowed/issued)
No limit
1,041
# of Cultivators (allowed/issued)
No limit
1,836
# of Manufacturers (allowed/issued)
No limit
508
# of Testing Labs (allowed/issued)
NA
NA
Vertical Integration?
Allowed
Residency Requirements?
Entities must show that at least 75% ownership is held by an Oklahoma resident.
Social Equity?
Yes, but determined on a jurisdictional/city level

Cannabis Taxes

Combined Tax Rate
~12%
Excise Tax
7%
Retail Sales Tax
None
Local Sales Tax
None
State Sales Tax
4.5%
Cultivation Tax
None

Licensing Fees (per year)
*Varies based on gross revenue

Cultivator
NA
Processor
NA
Retail Storefront
NA

Application Fees

Cultivator
$2,500
Processor
$2,500
Retail Storefront
$2,500
08/09/2021