Why These Companies Are Racing to Profit from Oklahoma's Cannabis Market

With every U.S. state that goes "green," we see cannabis companies eager to serve these legalized markets.

The latest state to draw cannabis investment is none other than Oklahoma.

Oklahoma is one of the biggest markets in the country when you look at the number of medical cannabis cardholders per resident. It's estimated that nearly 5% of Oklahoma residents have a medical card, with 15.6 cannabis dispensaries per 100,000 residents. That puts it second only to Oregon.

Doctors in Oklahoma are able to prescribe medical cannabis for any condition. As of Jan. 20, the state had 235,786 patients.

Pair such a large market with the growth potential that more liberal laws offer, and you get more and more cannabis companies - like the ones I'll cover today - heading to the Sooner State...[mmpazkzone name="in-story" network="9794" site="307044" id="137008" type="4"]

Full Steam Ahead in Oklahoma

A handful of companies you've heard about from me in our daily cannabis profits newsletter have started to stake their claim on Oklahoma.

Last July, cannabis operator Curaleaf Holdings Inc. (OTCMKTS: CURLF) announced it was buying multistate operator GR Companies (doing business as Grassroots Cannabis) to increase Curaleaf's presence to 19 states from 12. When the merger closes, GR will give Curaleaf a dozen licenses and three retail locations in Oklahoma.

Acreage Holdings Inc. (OTCMKTS: ACRGF) has plans to open a retail location in Tulsa, and it has been approved for one grower license in Pocasset.

Dixie Brands Inc. (OTCMKTS: DXBRF), one of the cannabis industry's leading consumer packaged goods companies, and SLANG Worldwide Inc. (OTCMKTS: SLGWF) are also getting in on the action.

SLANG will license its products to Elite Cultivation, which will distribute and sell those products in dispensaries throughout Oklahoma.

Dixie Brands is also partnering with a manufacturer in the state. Dixie expanded its footprint to six states in 2019, when it announced it would enter the rapidly expanding Oklahoma market in November.

Dixie is a big name in cannabis products, with a portfolio of more than 100 cannabis-infused products in 15 categories. It's one we covered in August thanks to its deal with Arizona Beverage Co. to produce and sell iced tea containing THC.

That was a huge one for the cannabis industry - the first instance of a mainstream U.S. consumer products brand making its valuable trademarks available for THC products.

The fact that Dixie is in Oklahoma is huge for both the company and the state's moneymaking potential.

I'll keep you posted on the latest profit opportunities out of Oklahoma and every state. And in case you missed our announcement this week, there's a special event coming you won't want to miss...

Cannabis Laws Being Reformed En Masse

It's hard to deny that the medical, personal, and economic benefits of "America's Green Gold Rush" are appealing to both Republicans and Democrats alike.

Once the feds end cannabis prohibition nationwide, all bets will be off - demand will boost share prices through the roof.

But you can still get in on the ground floor, just in time for what could be the windfall of the century.

You don't want to miss out on this opportunity...

In fact, legendary quarterback Joe Montana says "NOW is the time to invest in cannabis."

Public support is at an all-time high...

Thirty-three states have legalized (with more on the way)...

And $12.8 billion in new wealth has been created from cannabis.

There's no denying it: This market is an unstoppable economic force.

Join us on Tuesday, Feb. 25, as we sit down with legendary quarterback Joe Montana to talk all things cannabis: how to get in, how to pick the RIGHT stocks, and how to avoid the most common investor mistakes.

Space is extremely limited - and this event WILL be at capacity.

Just click here now to join the list of attendees...

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About the Author

Don Yocham is Executive Director for the National Institute of Cannabis Investors (The Institute) and Director of Cannabis Investing Research for Money Map Press. Before starting his role with the Institute, he was the Head of Private Deals for the publication Cannabis Venture Syndicate. From his first foray into the trading pits of Chicago to introducing institutional investors to entirely new markets in the early 2000s, Don has pretty much covered the entire field of investing in his 25-year career. In the depths of the financial crisis, when the typical investor had lost more than half of their money, his portfolios were up.

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