Oklahoma’s medical marijuana is booming and the state had another record month of sales.
According to data released by state tax officials, dispensaries in Oklahoma remitted nearly $5.1 million via the state’s 7% tax on cannabis, meaning customers spent approximately $73.8 million on medical marijuana in April.
This is the fourth month in a row that sales increased compared with the previous month.
Tax collections in March also spiked more than 25%, while April figures rose another 19.4% compared with the previous month.
April data was released Monday by the Oklahoma Tax Commission.
Along with the 7% tax on marijuana, dispensaries also collect state and local sales taxes. Those collections in April topped $6.5 million, bringing total tax revenue for that month to $11.67 million.
Voters approved a citizen-led initiative petition in 2018 that made it easy and relatively inexpensive for patients, dispensaries and growers to obtain a license.
It was in May that lawmakers voted overwhelmingly to amend Oklahoma’s medical marijuana laws. Gov. Kevin Stitt, however, vetoed the bill.
Stitt called the proposal “a lengthy bill” with changes that weren’t fully scrutinized through the normal legislative procedures.
“While there is much room for improvement in the way our state’s program operates, this bill does not address those items in a way I can support,” Stitt stated.
