Hello, and welcome to another round up of the latest cannabis business news for Oklahoma, Missouri and Arkansas! This week, the Oklahoma Medical Marijuana Authority shared their latest sales statistics and, as always, they were impressive. To really see what's going on in OK, check out The Oklahoma Eagle's county-level breakdown. We've swept through the weeds to uncover the good stuff. Here's our roundup of the week's stories impacting the Heartland.
Two of Florida's high-priced medical cannabis licenses are up for sale for a proposed $95 million — $40 million for one, $55 million for the other (which includes a greenhouse and a higher allowance for retail locations).
The recent surge of consumer demand for CBD, coupled with increasingly easy access to CBD products, is expected to drive retail sales to about $1.1 billion-$1.3 billion in 2019.
Discover the pain points of cannabis staffing, recruiting and hiring. Learn how to attract top talent to sustain your profitability in the growing industry.
No matter what the cause of the current deadly outbreak, it surely isn't cannabis. To suggest that cannabis—in vapor form or otherwise—has suddenly turned deadly is utter nonsense. It's also irresponsible.
Authorities in Colorado and Denver are urging consumers who may have compromised product not to consume it. Doing so could lead to health problems, they said.
A 'Significant' Number Of Patients Stopped Taking Benzodiazepines After Starting Medical Marijuana - Marijuana Moment
"Discontinuation was not associated with any measured demographic characteristic. Patients also reported decreased daily distress due to their medical condition(s) following prescription cannabinoids."
More than 60 percent of CBD users were taking it for anxiety, according to a survey of 5,000 people. Does it help?
The measure will allow such state deductions, starting next year, for cannabis companies that file their taxes as sole proprietors or partnerships, Bloomberg reported.
"These actions are urgent given the strong consumer interest in CBD, the growth in products and sales, and the need for clarity among consumers, retailers, and manufacturers about the legal status of these products," the groups said.
Oklahoma Cannabis Business
With more than 214,000 patient and business licenses being given out so far, it has been a busy year for the Oklahoma Medical Marijuana Authority.
The state's average for counties with retail dispensaries was $8.87 per person. Nine of the state's 77 counties do not have a licensed dispensary.
With medical marijuana legal in Oklahoma after the passage of State Question 788, a lot of people with no cannabis experience are wondering about the basics. This Q-and-A offers an easy-to-consume introduction for those wanting to learn more about marijuana.
"Out of approximately 55 dispensaries I went to, only one of them had the correct testing, the full panel," Webb said.
A recurring discussion I have with colleagues, the media, and patients is "What are the results?" I wanted to give a perspective on my current patient population, trends, and outcomes to date. At my current practice, Evolved Health and Wellness, we have a medical cannabis patient population of approximately 18,000 patients representing seventy-one of the states seventy-seven total counties.
Missouri Cannabis Business
Good Question: If recreational marijuana becomes legal here, what's the point of medical dispensaries? - KCTV
A new year will bring big change to pot laws in Missouri. Medical marijuana will be legal for the first time. But is it only a matter of time before the state also allows recreational use?
Missouri finished its first hemp harvest in 82 years on Monday, the result of the state's first successful growing season since 1937.
Arkansas Cannabis Business
Bloom Medicinals' Texarkana dispensary will be the Florida-based company's seventh, joining five locations in Ohio and one in Maryland. It will be in the former Vincent's liquor store building at 410 Realtor Ave.
Patients in Arkansas have spent approximately $14 million on medical marijuana. Based on these figures, the state will collect approximately $1.47 million in taxes to equal 10.5% of $14 million.
"Canadian licensed producers have sold approximately $1.1 billion worth of cannabis in the past 12 months, the equivalent to 105,000 kilograms—enough to fill almost two rail freight cars."
That would mean that lawmakers are expecting to meet a Supreme Court deadline to end federal cannabis prohibition.
Most popular these days are pitches about putting CBD in nearly everything — toothpaste, pizza, items that don't necessarily need CBD. But that only scratches the service.
According to Boris Shcharansky, the chief operating officer at Papa & Barkley, the length of time depends largely on the dosing method. Here's a simple breakdown.