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How federal drug reclassification could impact Oklahoma’s Marijuana industry

1 minute reading time (127 words)

OKLAHOMA CITY - Removing marijuana from the Schedule 1 list of drugs at a federal level could bring more opportunities for licensed marijuana businesses in Oklahoma.

Ruben Carter owns Grade A dispensary.

He employs over 20 people with his dispensary and grow businesses.

“If you’re working for a cannabis related industry, a lot of banks don’t want to let you get personal loans or car loans or a house loan,” said Carter.

The young entrepreneur wants his businesses to expand, and delisting marijuana as a Schedule 1 drug could help loosen banking laws for his workers and allow him to ship product out of state.

“We could expand our brand out to California, New York, Texas, just anywhere,” said Carter.

(Originally posted by Cannabis News)

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