Oklahoma medical marijuana sales generate tax revenue

Sales top $1 million last month
Oklahoma medical marijuana sales generate tax revenue

Increasing sales of medical marijuana are putting revenue in Oklahoma’s state coffers.

Numbers from the Oklahoma Tax Commission show sales reached nearly $1 million in December, generating about $70,000 for the state from a special new tax on pot sales.

The agency released figures on Wednesday that show the 7 percent tax on medical marijuana sales generated $69,425 in December. So far in January, more than $43,000 has been collected from medical marijuana sales. Those figures don’t include the standard sales tax that varies from city to city.

Oklahoma voters approved a medical marijuana state question in June, and the industry has taken off quickly. More than 30,000 Oklahoma patients and nearly 900 dispensaries already have been licensed.

The Oklahoma Medical Marijuana Authority has generated more than $10 million in licensing fees.