Why California Cannapreneurs Are Fleeing to Oklahoma
After Oklahoma legalized medical marijuana in 2018, it looked to California as a model … of what not to do.
In Oklahoma, there are no caps on dispensaries. Taxes are low. A business license takes three weeks to get and costs a flat free of $2,500. Almost anyone can get a medical card. Current estimates put cardholders at 10% of the population.
The results speak for themselves. Oklahoma, which has a population of less 4 million, now has 2,301 legal dispensaries and 8,757 licensed cultivators. California, with a population of over 39 million, has just 913 legal dispensaries and 8,014 licensed cultivators.
Oklahoma’s most challenging business requirement is that a company be 75% owned by an Oklahoma resident. To qualify, many in California’s cannabis industry are moving there or partnering with residents.
In 2019, L.A.-based Tradecraft Farms set up an operation in the state and now has numerous cultivation facilities and dispensaries there. Venice-based Stone Road Farms recently entered into a licensing deal with Stash House Distribution in Tulsa. Last August, Ball Family Farms founder Chris Ball got a license in Oklahoma and purchased 75 acres.
Oklahoma’s green rush has created over 45,000 jobs.
Los Angeles Times reporter Adam Tschorn recently visited the Sooner State to talk to public officials and businesses about the booming market for medical weed — and the policies that are helping the state shine. Watch the video here.