Medical marijuana dispensaries, recently so common in Oklahoma that they've sometimes occupied opposite corners of the same intersection, struggled in many cases to survive through the last fiscal year. Many didn't.
According to the most recent annual report of the Oklahoma Medical Marijuana Authority, the number of licensed dispensaries dropped 27% from 2,852 as of fiscal year 2023 to 2,051 in FY 2024.
Other related businesses buckled, as well, as the medical marijuana industry experienced a continuation of a trend of painful "rightsizing" that many believe hasn't ended yet.
The annual report, released in the past week, documents trends from summer 2023 through summer 2024. It reflects how the industry, which experienced a rush of entrants following passage in 2018 of a state question legalizing medical marijuana use, contracted in FY 2024.
Read more at Tulsa World