Oklahoma Legalizes Cannabis for Medical Use
In June of this year, Oklahoma voted to legally allow residents to consume medical marijuana. Sooner than later, the state became the 30th in the nation to give citizens broad access to medical cannabis.
As venerable Forbes Magazine reports on the issue, “The proposal, which passed by a 57% to 43% margin on Tuesday, will allow doctors to recommend cannabis for any medical condition they see fit. Most other state medical marijuana laws delineate a specific list of diseases and disorders for which physicians can authorize patients’ participation. The approval of such a far-reaching marijuana proposal in a deeply red state like Oklahoma… is a clear sign of the mainstream political support that cannabis reform now enjoys.”
This is fantastic news for suffering Oklahomians across the State. It’s also exciting news for business men and women who want to tap into the now-legal medical cannabis market. Again, quoting Forbes Magazine, “The state would issue licenses for medical cannabis cultivation, processing, transportation and dispensing businesses, and a 7% retail tax would be applied to medical cannabis sales. Revenue would first go toward covering implementation and regulation costs, with the remainder funding education as well as drug and alcohol rehabilitation programs.”
With the arrival of the legal cannabis industry in Oklahoma, National Cannabis Insurance Services is pleased to provide cannabis companies with insurance solutions for their operations throughout Oklahoma. We have policies available for Oklahoma cannabis farms and greenhouses, general and product liability, as well as for dispensary property protection and even business auto insurance. We look forward to working with you to help protect your investment!
Oklahoma Cannabis Insurance to Protect Your Business
Please visit this page and complete a very short form to get information that will protect your investment in the cannabis industry. Not sure what to think about cannabis business insurance? Take a look-and-listen to our Cannabis Insurance Myths webinar to learn much more about the intersection between insurance and marijuana business investments. Lastly, you can get a deeper understanding on all our cannabis insurance offerings by policy type in this website section.
Read the entire Forbes Magazine article on medical marijuana in Oklahoma right here.