Medical marijuana sales reach nearly $1 million in December

The Associated Press - January 17, 2019 1:15 pm

OKLAHOMA CITY (AP) – Numbers from the Oklahoma Tax Commission show medical marijuana sales reached nearly $1 million in December, generating about $70,000 for state coffers 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.

 

Latest Stories

Area Forecast

Independence Day A 30 percent chance of showers and thunderstorms, mainly after 4pm. Mostly sunny and...

Down By Downtown This Friday in Ponca City

Get ready for an unforgettable evening this Friday at DXDT (Down By Downtown), a FREE live...