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Industry

Medical Marijuana Sales Soar in Oklahoma, Topping $23M in May

The Associated PressLast updated July 28, 2020
Counting money at a cash register used at small businesses

OKLAHOMA CITY (AP) — Medical cannabis sales are continuing to climb in Oklahoma, topping $23 million in May and marking the eighth straight month of growth for the new industry.

Figures from the Oklahoma Tax Commission show the state collected more than $1.6 million in May from the 7% excise tax on marijuana. Another $2 million was collected in state and local sales taxes.

To date, medical marijuana sales have generated nearly $10.7 million for state coffers.

Sales have grown significantly each month since dispensaries began selling cannabis in October.

The number of people eligible to obtain the drug also is continuing to skyrocket. The Oklahoma Medical Marijuana Authority says it has approved nearly 130,000 patient licenses since August.

As of 2019, legal cannabis created 211,000 full-time jobs image
Industry
As of 2019, legal cannabis created 211,000 full-time jobs
Bruce Barcott
Oklahoma Medical Cannabis Patients Can Hold Open-Carry Gun Permits image
Politics
Oklahoma Medical Cannabis Patients Can Hold Open-Carry Gun Permits
Dave Howard
How To Find The Right Cannabis Dispensary in Oklahoma image
Lifestyle
How To Find The Right Cannabis Dispensary in Oklahoma
Karen Getchell

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The Associated Press
The Associated Press
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