Supply in Oklahoma’s medical marijuana market is at least 32 times higher than patient demand, helping fuel underground sales nationwide, according to a new study.
The 24-page report from the Oklahoma Medical Marijuana Authority (OMMA) quantifies and confirms what industry insiders have suspected for years: The state is inundated with an exponential oversupply of regulated marijuana.
ADVERTISEMENT
Many of the systemic challenges in the state have been self-inflicted.
Production was largely unchecked for years as Oklahoma’s MMJ market surged amid limited regulatory restrictions and enforcement, creating a proliferation of unlicensed operators in the process.
The report, conducted by Cannabis Public Policy Consulting, queried more than 1,300 cannabis consumers from 68 of 77 counties in the state.
Among the major findings:
Supply and demand strongly suggest potential out-of-state diversion of marijuana products. Licensed operators are very likely supporting an illicit market at the point of cultivation and retail sales.
Read full article on Marijuana Business Daily
