With legal cannabis medicine prices stabilizing in Oklahoma dispensaries, the black market dealers are seeing the 'writing on the wall'.
In states where patients have to turn to the cartels for cannabis medicine, the prices are commonly over $300 per ounce for medium/high quality raw dried flower buds.
But the legal dispensaries which have been opening all over the Sooner State, prices and supply have created market conditions which allow licensed patients to safely and legally attain tested cannabis medicine at prices of around $200-300 per ounce.
At this rate it makes little sense for a patient not to get a medical consultation and pay the $100 for a medical license. It's almost like getting a Sam's Club card. You pay a membership fee up front, but you expect to recoup that expense through lower priced products. It's as though the state created a "Sam's Club" for naturopathic medicines.
Last December, the wholesale prices for legal cannabis was over $300 per ounce. Now it is half that.
At current rate, the OMMA will grant 191,000 licenses in the first year of the program. More than double the original projection of 80,000.
Nigel manages the medical research and drug policy topics at SoonerPolitics. He comes to Oklahoma with an international perspective and a background in homeopathic herbs and agrarian culture.