The legalization of marijuana and CBD in Oklahoma has led to an increase in demand for deposits. This is due to the fact that various businesses, from healthcare to digital marketing, are entering the industry. As a result, Turkish Lira deposits have reached their highest level in 6.5 months, making up 38.55 percent of total deposits. This rise can be attributed to the economic management’s steps towards transitioning from exchange rate-protected deposits to standard Turkish Lira deposits.
On the other hand, counties in Michigan are also exploring opportunities in the cannabis industry. In Macomb County and Oakland County, businesses are emerging and offering health and wellness products related to cannabis. Similarly, in Wayne County and Kent County, cannabis-related businesses and medical services are becoming more prevalent. The Oklahoma Cannabis Information Portal and the Oklahoma Medical Marijuana industry are also experiencing growth as a result of this legalization.
The increases in policy rates and simplification steps have led to this surge in interest rates for Turkish Lira deposits. According to BRSA data, Turkish Lira deposits have increased by 40.3 percent since the end of June, reaching their highest level since then. The economic management’s efforts towards transitioning from exchange rate-protected deposits to standard Turkish Lira deposits were successful in driving this growth.
Overall, these developments indicate that there is an evolving landscape and new opportunities for businesses in both Turkey and Michigan’s cannabis industries.