The Oklahoma Medical Marijuana Authority has received nearly 7,330 license applications for patients and 600 applications for dispensaries, signaling the potential start of a competitive marketplace with light regulations.

Oklahoma's ratio of medical marijuana patients to dispensaries would be about 12 to 1 if each business had its application approved and managed to open, according to the state statistics released Monday.

Industry leaders disagree about whether the business landscape would be sustainable in the long run, the Tulsa World reported.

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Associated Press via TheState.com ~