According to an analysis of Oklahoma Tax Commission data by The Oklahoman, the state’s medical marijuana sales are on pace to double 2019 numbers.
Sales of medical cannabis are on track to double this year to roughly $800 million. The business-friendly program had launched in the summer of 2018.
Through June, retail medical marijuana sales had exceeded $385 million, revealed Oklahoma Tax Commission data by the newspaper.
The sales figures from the newspaper’s analysis are also consistent with projections by the new Marijuana Business Factbook, which projects that Oklahoma medical marijuana sales will reach $700 million-$860 million this year compared with an estimated $345 million in 2019.
The Oklahoman has found that sales were strong during the early weeks of the COVID-19 pandemic as consumers stock piled.
Medical marijuana businesses were deemed essential during the pandemic, allowing dispensaries to provide curbside-pickup services to patients.
