Medical marijuana sales in Oklahoma reached a record $831 million-plus for 2020, more than twice that of 2019.
Several other states with legal cannabis programs also posted record sales figures for 2020, including Colorado and Illinois.
According to Oklahoma Tax Commission data, medical cannabis retailers in the state tallied more than $831 million in total revenue in 2020, The Norman Transcript reported.
Oklahoma’s MMJ dispensaries amassed $385 million in sales through June 2020.
In 2019, dispensaries in the state brought in $345 million in medical cannabis revenue.
Retailers also generated $71.6 million in state and local taxes last year, $41 million more than in 2019.
The number of Oklahoma residents registered to purchase medical cannabis reached 365,000 in December, up from 220,000 in January 2020.
The sales figures are consistent with projections by the Marijuana Business Factbook.
The Factbook projected that Oklahoma medical marijuana sales would reach $700 million-$860 million this year compared with an estimated $345 million in 2019.
Medical Disclaimer:
The information provided in these blog posts is intended for general informational and educational purposes only. It is not a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your physician or other qualified healthcare provider with any questions you may have regarding a medical condition. The use of any information provided in these blog posts is solely at your own risk. The authors and the website do not recommend or endorse any specific products, treatments, or procedures mentioned. Reliance on any information in these blog posts is solely at your own discretion.
