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Oklahoma Medical Cannabis License Solutions
The Cannabis License Experts (or CLE) experienced team will help you to get your Oklahoma cannabis license faster and with an unmatched success rate. Having to repeat your Oklahoma Cannabis License application process will set your business back by months and significantly impact your earnings potential. Let us show you how we’ll help you on your path to an Oklahoma Cannabis License and much more by booking your free consultation today.
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Market Overview
Due to Oklahoma’s lack of strict regulation and low barriers to entry, the “sooner” state has seen explosive growth for its medical Oklahoma cannabis program, ever since the state legalized medical marijuana in 2018. Oklahoma has become one of the easiest places in the United States to launch any type of cannabis business as the Oklahoma cannabis licensing process is not complex, limited, or competitive. Given the fairly hands-off approach by state officials, entrepreneurs have poured in to take advantage of the new ‘Wild West’ of weed.
State Question 788 passed in 2018 making Oklahoma the 30th US state to legalize medical use of cannabis in Oklahoma. The state created the Oklahoma Medical Marijuana Authority (OMMA) under the state Board of Health to regulate licenses. As of November 10, 2021 the Oklahoma Medical Marijuana Authority (OMMA) had issued 13,281 marijuana business licenses. The state now boasts more Oklahoma retail cannabis stores than Colorado, Oregon and Washington combined. The effort to put adult-use marijuana for a 2022 ballot in Oklahoma is moving ahead, despite legal challenges, and would allow Oklahoma medical cannabis dispensaries to begin selling recreational marijuana 60 days after passage. Big multistate marijuana companies have mostly chosen to sit out Oklahoma’s boom due to unlimited licenses and significant Gray and Black markets operators. Until enforcement picks up and the market matures into a more formal, legal marketplace, it's likely these big operators will sit out of applying for Oklahoma cannabis licenses in the Sooner State.
The Oklahoma Medical Marijuana Authority reported nearly $138 million in revenue from retail, state and local taxes this year, through November, on the sale of cannabis. Sales via licensed Oklahoma cannabis dispensaries are projected to total $900 million to $1.1 billion this year, up roughly 25% from 2020.
Book a free consultation today to learn more about how Cannabis License Experts can assist you and your team on your path to an Oklahoma Cannabis License and entering the busy market.
State Question 788 passed in 2018 making Oklahoma the 30th US state to legalize medical use of cannabis in Oklahoma. The state created the Oklahoma Medical Marijuana Authority (OMMA) under the state Board of Health to regulate licenses. As of November 10, 2021 the Oklahoma Medical Marijuana Authority (OMMA) had issued 13,281 marijuana business licenses. The state now boasts more Oklahoma retail cannabis stores than Colorado, Oregon and Washington combined. The effort to put adult-use marijuana for a 2022 ballot in Oklahoma is moving ahead, despite legal challenges, and would allow Oklahoma medical cannabis dispensaries to begin selling recreational marijuana 60 days after passage. Big multistate marijuana companies have mostly chosen to sit out Oklahoma’s boom due to unlimited licenses and significant Gray and Black markets operators. Until enforcement picks up and the market matures into a more formal, legal marketplace, it's likely these big operators will sit out of applying for Oklahoma cannabis licenses in the Sooner State.
The Oklahoma Medical Marijuana Authority reported nearly $138 million in revenue from retail, state and local taxes this year, through November, on the sale of cannabis. Sales via licensed Oklahoma cannabis dispensaries are projected to total $900 million to $1.1 billion this year, up roughly 25% from 2020.
Book a free consultation today to learn more about how Cannabis License Experts can assist you and your team on your path to an Oklahoma Cannabis License and entering the busy market.
Oklahoma Cannabis Licensing Requirements, Timelines, and Selection Processes
Unlike other medical and recreational states, Oklahoma’s licensing system is based on one Oklahoma cannabis license per operation type meaning that no tiers are required for specific licensing functions. Basic Requirements include requiring that applicants be 25 or older and must be Oklahoma residents. New businesses will need to meet the new residency requirements, which includes proof of residency for the last two years preceding the date of renewal or application or five continuous years of the last 25 years preceding the date of renewal or application, in order to establish that 75% of the owners are Oklahoma residents as required by SQ 788. The timeline for OMMA review of Oklahoma cannabis business applications and renewals will be 90 business days. If an Oklahoma cannabis application is rejected for failure to provide required information, applicants will have 30 calendar days to submit the required information for reconsideration or the application will expire. All Oklahoma cannabis business applicants will be required to submit an approved Certificate received from the political subdivision that has jurisdiction where the business is located.
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The Oklahoma Medical Marijuana Authority and Department of Health oversee the medical cannabis program and licensing for the state.
The Oklahoma Medical Marijuana Authority and Department of Health oversee the medical cannabis program and licensing for the state.
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Oklahoma Cannabis Market Financial Requirements
Common for most jurisdictions as a mandatory component of the application is the requirement for a minimum amount of liquid cash on hand to ensure that Oklahoma cannabis applicants have the financial wherewithal from the licensing process through to the initial 2-5 years of operation. The Oklahoma cannabis application fee for a grower, processor, dispensary, or transporter application is $2,500.
Oklahoma Cannabis Business Climate
Licensing of all Oklahoma cannabis operations in the state of Oklahoma is one of the most straightforward and predominantly free of many hurdles or barriers to entry for most applicants. Oklahoma is globally recognized for its outstanding incentive programs and pro-business environment and ranked #2 as having the lowest business tax burden of all U.S. states. Oklahoma is a great location to invest if you're looking to reduce operating costs and the business climate includes the government and political attitude toward such businesses, their support for labor organizations, and their financial stability, among other aspects.
| Total # of Oklahoma cannabis Licenses issued as of February 1st, 2022. | ||
|---|---|---|
| Oklahoma Cannabis Cultivation: | 10,000 | |
| Oklahoma Cannabis Processors: | 2,674 | |
| Oklahoma Cannabis Retail: | 3,735 | |
| Oklahoma Cannabis Transporters: | 149 | |
| Oklahoma Cannabis Testing Labs: | 33 | |
| Basic Demographic Information | ||
| Resources include the US Census Bureau, City-Data.com, and any additional relevant resources. | ||
| Total # of Counties | 23 | |
| Total # of Cities | 157 cities, towns, and villages, and 164 special districts | |
| Population in 2019 | 5,93,490 | |
Oklahoma City
35
Median Age
$55K
Medial Income
$165K
Median Home Price
$875/Month
Fair Market Rent
Real Estate & Zoning
Consideration for regional and local zoning with regard to allowed proximity to certain Oklahoma cannabis business types, schools, and other prohibited areas. As stated in OAC 310:681-5-3(e)(4), dispensaries must provide proof that the location is at least 1,000 feet from a public or private school. This distance is measured by the straight-line (shortest) distance from the nearest point of the location of the Oklahoma cannabis dispensary to any entrance of a school.
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When you partner with CLE, you are able to leverage our proven knowledge and best industry resources to provide you a complete Cannabis Business Solution.
- LICENSING
- REAL ESTATE SEARCH
- DESIGN & BUILD
- SECURITY
- DIGITAL MARKETING & DEVELOPMENT
- EQUIPMENT TENDERING
- INTELLECTUAL PROPERTY PROTECTION
- Banking & Insurance
- Merger & Acquisitions
- Private Label Manufacturing
- Micro-Grow Franchising
- Human Resources
Frequently Asked Questions
What is commercial cannabis cultivation and processing?
Cannabis cultivation is the process of growing cannabis within a regulated environment for the consumption via a medical or adult-use cannabis program. Generally cultivation refers to the agricultural activities associated with the propagation and growing of cannabis. Cannabis processing is when you manufacture finished cannabis products, packaging of dried flowers or manufacture and package cannabis-based products (i.e. extracts, edibles, and topicals). To be able to produce cannabis and cannabis derived products commercially a specific license is required, requirements depend on the state in which you are locating this business.
How much will I need to spend for a cannabis cultivation license and facility?
The fees for a cannabis cultivation license vary greatly depending on the state in which the facility is to be located, Oklahoma’s license application fee is $2,500 for cultivation license applications. Also facility build out costs vary greatly depending on the type of cannabis cultivation facility (indoor, mixed-light green house, outdoor). Depending on the facility type a cultivation facility can range from 2 million to 20 million dollars.
Do I need to submit separate applications for additional locations for my business?
Yes, each facility location needs to have a separate license to legally operate within the state. Oklahoma doesn’t currently have a cap on how many licenses it will issue, for assistance with licensure please book a free consultation with the Cannabis License Experts team.
Do I need to be a resident of Oklahoma to obtain an Oklahoma medical cannabis cultivation license?
Yes, 75% of the business ownership needs to be held by residents of Oklahoma. Proof of residency for the last two years is required during the application process. To get assistance with your Oklahoma cultivation license application please book a consultation with the Cannabis License Experts team.
Don't Know Where To Begin? Get Started Now
Applying for an Oklahoma Commercial Cannabis License and unsure where to start?
Oklahoma Cannabis License applications are accepted on a rolling basis at the state level. Cannabis License Experts can help guide you through the Oklahoma Cannabis licensing process from start to finish both at the state and local municipality level. Not sure where to start? CLE can develop a preliminary business and feasibility plan to help give you an understanding of your businesses viability within the Oklahoma cannabis market.
In order to get started, reach out to one of our regulatory experts today to learn more about Cannabis Business Solutions.
