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Oklahoma Medical Marijuana Brings New Regulatory Leader as Industry Starts to Show Signs of Slowing Growth

The Peak Oklahoma

As the Oklahoma medical marijuana market continues to grow, the industry is seeing big changes as it starts to slow the immense growth rate of the past 18 months. 

With this in mind, today we will look at an update from the regulatory body for Oklahoma Medical Marijuana Authority (OMMA). The agency announced this week a new director which will head the agency going into the 2020 year. With this in mind, the state’s new director will have to face regulators who seek to see more transparency from the OMMA.

That being said, the state shows it’s first signs of slowing down with the rapid growth over the last year. This may be a temporary slowdown for the booming Oklahoma medical marijuana industry. Nonetheless, the decline in patient numbers does show the potential beginning signs of an industry which has reached its peak.

With that in mind, let’s dive in and take a closer look at this week’s Oklahoma medical marijuana news.

Oklahoma Medical Marijuana Authority Names New Director

According to OKC Fox, the Oklahoma Medical Marijuana Authority recently selected a new director. The new director will be Travis Kirkpatrick, who has served as the agency’s interim director for the last 90 days. With this in mind, patients and businesses should rest assured the new director for the OOMA regulatory agency will not bring too many new changes along with him since he has already been operating as the director for the last few months.

During the last few months, Kirkpatrick showed positive movement for the community and medical marijuana industry having launched a variety of new initiatives successfully. These include the new call center where patients can get their questions about medical marijuana answered in a more reliable fashion. According to OKC Fox, the call center now takes nearly 300 calls a day, showing the huge demand for a service like this. Kikpatrick said his goal will be to continue to work with patients, dispensary owners, and growers to meet the guidelines set by the state legislature’s medical marijuana laws.

Booming Cannabis Market Shows First Sign of Contracting 

The Oklahoma Medical Marijuana community has seen an unexpectedly rapid amount of growth over the last year and a half of operating. With this in mind, signs are starting to show that this rapid growth is almost over. According to KFOR News, the state’s licensing authority is starting to see the number of licensing applications constrain year over year. With that in mind, it is still too early to say with much certainty that the number of Oklahoma medical marijuana businesses will decline this year but the start of the year points in this direction. With this in mind, it should not come as too big of a surprise to those who have seen the rapid growth of the Oklahoma medical marijuana community in such a short period of time. When something does go through such rapid growth, eventually the velocity has to slow down and start to find a happy middle point. 

In closing, the state’s new director seems poised to continue to help the Oklahoma medical marijuana industry thrive as it has for much of it’s 18 months in existence. It’s a positive sign the director already has a few months worth of experience on the job to show he is qualified for the tough position. With that in mind, as the industry starts to slow down it’s rapid growth, regulators may have more time and resources to dedicate back to the community as required by the passage of Oklahoma medical marijuana laws. All and all though, we will have to wait to see how the new director and the state agency reacts to changes in the new year.

Finally, if you ever have any questions about Oklahoma medical marijuana, we encourage you to stop by one of the many Peak Dispensary locations. Our staff is happy to help where we can.