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In 2018, Oklahoma passed State Question 788, which opened up medical marijuana use in the Sooner State. Under SQ 788, an Oklahoma board-certified physician must approve all state-issued medical marijuana licenses. Oklahoma Medical Marijuana Laws, CBD Oil and Hemp Oklahoma’s Department of Agriculture, Food and Forestry anticipates farmers will be able to start growing commercial hemp in 2020. Legal Status of Other U.S. States Stay up to date on the latest state legislation, referendums, and public opinion polls. Oklahoma banking officials warn banks about serving medical Oklahoma banking officials warn banks about serving medical marijuana firms. Published October 12, 2018. Oklahoma banking officials are urging financial institutions to be cautious or even stay clear of the state’s nascent medical marijuana industry, dealing a potential setback to MMJ companies hoping to secure accounts with local banks or credit unions.