Reports Reveal Patient Spending Norms
As the calendar turned to June and the OMMA reports continued brisk activity from patient applications, the Oklahoma Tax Commission reports the other half of the economic picture.
With about 130,000 licensed patients in the state, the Sales of cannabis medicines topped $23 million in just the month of May.
While the total numbers change radically, and the sales are just as dynamic, the average patient spending is rather consistent.
When we took the total sales for each month and divided that vast sum by the last reported total number of licenses, we came up with a rather consistent snapshot on individual purchasing.
Between January 1st & June 1st, the average patient spent about $175 each month in the state's licensed dispensaries. Sometimes that individual monthly tab jumped to $200, but other months it dipped to $150.
This gives us a fairly reliable snapshot about what a dispensary might expect as the industry continues to grow far beyond all official state projections.
This last week the OMMA told us that there are about 90 licensed patients for every dispensary license issued. What we'd really like to know is how many dispensaries are actually reporting significant monthly sales?