7,000 Cannabis Business Licenses in Oklahoma!

 

Oct. 1, marked the 200,000th patient that was granted their medical marijuana license by the Oklahoma Medical Marijuana Authority, and nearly 7,000 business licenses have also been approved.  Oklahoma’s participation rate puts it near No. 1 among the 33 states that have some form of medical cannabis legislation in place.

 

Medical marijuana generated more than $34.5 million in tax revenue through the end of September. The state assesses a 7% excise tax on medical marijuana in addition to state sales tax and any applicable local sales taxes. The state’s share goes toward running the Oklahoma Medical Marijuana Authority; excess revenues are split between the general revenue fund for education (75%) and the Oklahoma State Department of Health for drug and alcohol rehabilitation programs.