Companies are racing to join the booming Oklahoma cannabis market…
In terms of medical cannabis cardholders per resident, Oklahoma is one of the biggest markets in the country.
It’s estimated that nearly 5% of Oklahoma residents have a medical card and, with 15.6 cannabis dispensaries per 100,000 residents, that puts it second only to Oregon.
Doctors in Oklahoma are able to prescribe medical cannabis for any condition.
As of January 20, the state had 235,786 patients.
In comparison, Florida had over 300,000 patients.
And with the growth potential more liberal laws offer, cannabis companies are racing to get into the Sooner State.
And with such a large market, cannabis companies are racing to get into the Sooner State.
When the Curaleaf Holdings Inc. (OTC: CURLF)/GR Companies (doing business as Grassroots Cannabis) merger closes, GR will give Curaleaf a dozen licenses and three retail locations.
Acreage Holdings (OTC: ACRGF) has plans to open a retail location in Tulsa, and it has been approved for one grower license in Pocasset.
Full Steam Ahead in Oklahoma
Oklahoma is a great example of what can happen when states have friendlier policies for cannabis entrepreneurs. Here’s what it will take to make that happen throughout the U.S.
SLANG will license its products to Elite Cultivation, which will distribute and sell those products in dispensaries throughout Oklahoma.
Dixie Brands is also partnering with a manufacturer in the state.
And on top of all that, our newest Cannabis IPO Insider model portfolio member already has a presence in the state and plans to open a new store soon.
Serving customers starting at 10:00 AM each and every day in Oklahoma City, this is one of the best pick-and-shovel investments out there.
In fact, in the quarter ending September 30, it generated 15% of its revenue from its Oklahoma operations. We’re excited to see how the new store will grow sales even further.
This is a promising company that our Cannabis IPO Insider members were the first to find out about. Make sure you don’t miss out on the next winner.
See how you can be among the first to receive my next Cannabis IPO Insider recommendation right here.
Don Yocham, CFA
Executive Director, National Institute for Cannabis Investors
February 11 2020