For Immediate Release: April 28th, 2018
Pharmacology University of Oklahoma City to offer Medical Cannabis Industry Courses Beginning August 18th, 2018
Pharmacology University states that if Oklahomans want to have great medical cannabis laws they are going to have to fight for it. That means that on June 26th they are going to have to make their way to their voting booths and vote YES on SQ788; and if they do that, they will be gaining a law that will taste as sweet as a brownie, feel like love and cure cancer. "The Medical Cannabis law presented on SQ788 is no longer a Hail Mary and can truly be obtained" says Sierra Sevits, Co-Owner of the Oklahoma City Pharmacology University franchise. But is SQ788 really that good? Well, let’s see.
Think about this for a moment: based on a report from Seattle-based Headset, Inc., the average consumption of cannabis by a patient in the U.S. costs $3,150 per year and if we look at the fact that Oklahoma's population is somewhere in the neighborhood of 4 million people and if only 1 out of 10 persons takes advantage of and uses medical cannabis as their medication the math is very simple. $3,150 x 400,000 people = $1,260,000,000; though these numbers may stagger anyone’s imagination, this could actually be the economic potential of the implementation of SQ788. Again, this is if only 1 out of 10 people decide to use this medication, which is a reasonable assumption. Obviously for this to happen, the industry will have to be fully operational. As validation of this type of revenue Pharmacology University cites that the Mayo Clinic recommends that for epilepsy, for the most part, patients are recommended to take 300mg of CBD oil per day, which is 9 grams/month and at $50 per gram (if you are lucky enough to find that low of a price) this equals $450/month or $5,400 per year. In addition, Pharmacology University carefully states that if a pound of Medical Cannabis in Oklahoma imitates the average price per pound in the rest of the country, in order for the state of Oklahoma to fulfill the demand it will have to produce a minimum of 500,000 pounds a year, which, in a population of 400,000, only equates to 1.25 pounds per patient/year or 1.5 ounces per month/patient and are incredibly conservative estimates. As well, so that we can get an idea of what we are talking about, please know that a 10,000 square foot space could produce 1,500 pounds per year (needless to say, the variables are enormous based on growing methodologies, strains, etc.); therefore, Oklahoma could need three-hundred thirty-three 10,000 square foot grow facilities to meet the demand/needs of the patients. More to the point, once the medication is produced you will need somebody to dispense it; consequently, if the average sales in the dispensary in the USA are 1.5 million dollars that means that Oklahoma will have to house 840 dispensaries. Moreover, that tells us that Oklahoma could possibly have an additional labor force of over 25,000 employees and this does no