A new law may slow the growth of Oklahoma’s medical cannabis industry, which has reached a massive scale since 2018, when cannabis was first legalized for use by licensed patients in the state.
The Oklahoma Medical Marijuana Authority announced recently that after August 1, it will stop processing applications received for new licenses sought by prospective cannabis growers, processors, and dispensary operators. The moratorium, which may last for up to two years, will not affect patient licensing.
The pause on new business licensing was mandated by the passage of House Bill 3208 by the Oklahoma Legislature, a measure signed into law by Gov. Kevin Stitt on May 26.
“All of our current grower, dispensary, and processor licensees who stay in compliance with our rules should know HB 3208 doesn’t change anything for them,” OMMA Executive Director Adria Berry said in a statement. “Owners of current licenses will still be able to apply for renewal when it’s time.”
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