May 2020
by Rayne Graham
It’s Blooming in Oklahoma
West Coast based Bloom brand is making its way to Tulsa Oklahoma. The company made the announcement on both their main brand Instagram and their Bloom Oklahoma account the last week of April. Known for the Bloom Dart, Bloom One, and Bloom Vape, the company has partnered with Oklahoma based Goatneck LLC. The icing on the cake? Bloom’s CRO had such nice things to say about the Oklahoma cannabis community when he spoke to Benzinga,” The cannabis community in Oklahoma is incredible and I’m thrilled to bring Bloom here. Our roots are in the medical market so I am confident that our experience, particularly in New Mexico, will provide a strong foundation to proudly become Oklahoma’s leading brand.” Here’s to giving it a try!
No Hard Feelings Arkansas
We are known for being competitive when it comes to football and our neighbors the Razorbacks. But it seems that rivalry has spilled into the field of medical marijuana. I mean, we might not intentionally be competing, but Oklahoma is totally winning, just saying. Due to our laws here in the Sooner state being a little different than our neighbors, our patient count is higher and that is just the tip of the iceberg. There are over 200,000 Medical Marijuana patients as of the end of April in Oklahoma while Arkansas has only a little over 40,000. Another major difference? In Arkansas, patients must have a certain disability or illness but here in OK, are aren’t any requirements when getting a doctors recommendation. Last is pricing, a gram of cannabis flower from our neighbors can be purchased for double the amount of the same quality flower here. And that my friends, is what we like to call a touchdown!
Rolling in the Green
It isn’t news that the Oklahoma Cannabis Industry has been raking in the tax dollars for the state of Oklahoma since the passing of SQ788. However, we have reached yet another milestone in the journey of solidifying our name in the national cannabis community. According to the Oklahoma Tax Commission, Cannabis dispensaries have generated $7.7 million in total tax revenue in the month of March. This makes it the highest grossing month in Medical Marijuana Tax collected since the first tax dollars were reported in November 2018. Although we would like to point out that the number for April isn’t in yet so, I mean, 42020 anyone?