Medical cannabis sales in the state have grown significantly each month
Oklahoma tax officials say medical cannabis sales topped $12 million last month, marking the sixth straight month of explosive growth for the new industry.
The Oklahoma Tax Commission reported the state collected more than $870,000 in March from the 7% excise tax on cannabis. The state collected an additional $1.2 million in state and local sales tax on medical cannabis in March.
Medical cannabis sales have grown significantly each month since dispensaries began selling cannabis in the October.
The number of patients also is skyrocketing. The Oklahoma Medical Marijuana Authority says they’ve issued more than 83,000 patient licenses since August. They’ve also licensed more than 1,200 dispensaries and 2,300 commercial growers.