The Growth in Our System
Hi there, everybody. I wanted to start off by saying thank you, for tuning in to our weekly blog! We will be posting on here once a week every week! I look forward to seeing you here!
As time progresses in the Sooner State, we are slowly sinking into our new found ways. However, it is not known how long these ways are set in stone. As excited as I am for our state’s new endeavor, I am finding that this is our modern land run. Currently, Oklahoma has only one set of rules regarding our medical marijuana policy. From State Question 788, we received a set of regulations designed as guidelines for our land run. Beyond the information given there, Oklahoma is practically in a free-for-all when it comes to running a business around medical cannabis.
What does this mean for the patient?
Well, I called OMMA (Oklahoma Medical Marijuana Authority) earlier today. I learned that dispensaries will be in stock and offering product on October 26th. The reason patients have not had their medicine widely available, is because that every plant sold in Oklahoma must be grown in Oklahoma. Interestingly enough, Oklahoma legally sold their first marijuana plant to their first patient. John Frasure, out of Fairfax, claimed, "I didn't think this was going to happen in my lifetime. And that’s what's so really great about this is, that's why we did the sale. We want everybody to know that yes cannabis is for sale here in Oklahoma. Medical cannabis is for sale.” Outside of the October 26th date, there are only a small handful of dispensaries that are ready to sell. The reason for their only being a few is, federal law. Because federal law still has marijuana listed as an illegal drug, all marijuana grown in Oklahoma, must be from Oklahoma. This statement is somewhat confusing because having all marijuana in Oklahoma being from Oklahoma is literally impossible since there is no way to tell where seeds are from.
What does this mean for the business owner?
As of now, we are looking at SQ788 to be our source of regulation. The only issue with that, is that SQ788 does not propose solutions to the problem that dispensaries, labs and grow-ops will face in the future. I am speaking of general regulation. Obviously, grow-ops will have tons and tons of plant parts left over. Some of these plant parts will be sent to a lab to be used for processing oils or edibles, where as the buds will be sent to a dispensary. All of that needs to be accounted for. States like Colorado and California, have had these in place. So, Oklahoma will need to look at other states’ legislation to get an idea of what works best. This situation is what I mean by it’s a “modern land-run”. Since there aren’t any laws specifically addressing things like recall procedures or product inventory, business will need to make sure they are on the safe side of the law. Right now, all we can hope is that lawmakers are working hard to provide fair and justified legislation for our businesses.
Thanks for tuning in this week! We are rapidly approaching our next seminar! It’s going to be located at OU Health Sciences Center in Oklahoma City. It is scheduled to happen November 17th at 10:00am. All of the information for enrolling is available on our website. Please feel free to contact us for any questions or comments.
VP of Consulting