KGOU

Oklahoma Medical Marijuana

Oklahoma will now exclude cannabidiol, a non-intoxicating chemical found in marijuana, from its definition of the drug.
Dank Depot / Flickr Creative Commons

A new medical marijuana law recently took effect in Oklahoma, regulating product labeling and drug testing policies. But since cannabis remains illegal federally, banks are still unsure on how to safely serve the industry. On the latest Business Intelligence Report, Journal Record editor Russell Ray discusses the state's new regulations, as well as how proposed legislation could protect banks.

The Red Bud dispensary in Marlow, Oklahoma.
Jackie Fortier / StateImpact Oklahoma

The Red Bud Dispensary in Marlow, Okla. looks like an Apple store, with white walls and track lighting. The dispensary is packed with people, but they aren’t here to buy medical marijuana. The dispensary hasn’t technically opened yet, so it doesn’t even have THC products – the mainly middle-aged crowd is standing around empty glass cases. They are here for something else – a doctor’s recommendation.