Monday, August 25, 2025
MWH
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
Marijuana with Hemp
No Result
View All Result
Home Business

Oklahoma’s Weed industry is imploding

Graham Cooper by Graham Cooper
November 2, 2023
in Business, Featured
Share on FacebookShare on Twitter
134

A very fascinating article came out on Politico that dives into the pretty dire situation happening in Oklahoma with their overabundance of marijuana products.

Oklahoma has a legal medical marijuana industry, but a push for recreational legalization was rejected in a March referendum from this year. Perhaps due to the potential of a recreational opening up of the market, a staggering amount of businesses got into the market, which has created way too much supply.

According to Politico there is 64 times the volume of marijuana needed to serve the demand in the state.

What’s more concerning for the industry is that the amount of medical patients is dwindling: down from 385,000 to 350,000 this year.

A weed entrepreneur in the state, Chip Baker, predicts that 2/3 of the businesses dealing with marijuana in Oklahoma will soon be gone. Another advocate, Chris Moe, thinks it’ll be closer to 80% by the time the one year anniversary of the failed referendum comes around.

Oklahoma has been extremely keen on eliminating the illicit market in the state. This culminated in a killing of four Chinese nationals at an illegal weed farm last year.

It’s difficult to discern whether or not the failed referendum was the true will of the citizens of Oklahoma, considering it wasn’t during a national election where turnout is usually much higher. But that will most likely be the moment pointed to where everything changed for the businesses in the state who were banking on legalization to garner more enthusiasm and customers.

Good luck to all the struggling marijuana businesses in Oklahoma, and read the original story at Politico.

Visits: 922
Previous Post

States That Legalize Marijuana Experience Lowered Traffic Death Rates

Next Post

Ohio legalizes marijuana with a large majority and is immediately hit with backlash

Graham Cooper

Graham Cooper

Next Post
Ohio legalizes marijuana with a large majority and is immediately hit with backlash

Ohio legalizes marijuana with a large majority and is immediately hit with backlash

ADVERTISEMENT
  • Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    0 shares
    Share 0 Tweet 0
  • Where is marijuana on the ballot in November?

    0 shares
    Share 0 Tweet 0
  • Doordash gets into the Weed Delivery Business

    0 shares
    Share 0 Tweet 0
  • Kamala Harris Didn’t Talk With Rogan About Legalization, She Should Have

    0 shares
    Share 0 Tweet 0
  • Barstool Sports Delves Into the Realm of Cannabis

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest
Where do Republican senators stand with weed?

Where do Republican senators stand with weed?

June 30, 2021
Indica vs. Sativa: Is there really a difference?

Indica vs. Sativa: Is there really a difference?

November 22, 2021
How’s legal marijuana doing in Germany?

How’s legal marijuana doing in Germany?

0
Kamala Harris Mentions Cannabis Reform For The First Time Since The Election

Kamala Harris Mentions Cannabis Reform For The First Time Since The Election

0
Federal agents in DC are saying Trump is tired of marijuana

Federal agents in DC are saying Trump is tired of marijuana

August 21, 2025
Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

August 21, 2025
ADVERTISEMENT
Marijuana with Hemp

Browse by Category

  • Business
  • Featured
  • Hemp Politics
  • Lifestyle
  • Medical
  • Medical Marijuana
  • Politics

Recent News

Federal agents in DC are saying Trump is tired of marijuana

Federal agents in DC are saying Trump is tired of marijuana

August 21, 2025
Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

August 21, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Marijuana With Hemp

No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© 2024 Marijuana With Hemp