According to the latest report from the Oklahoma Tax Commission, medical marijuana sales in SEMINOLE COUNTY brought in a total of $43,634.60 in sales and excise tax during the month of January 2023. This was $14,011.50 less than the $57,646.10 that was collected in the previous month of December 2022.

The January total included $13,181.82 in City/ County tax and $11,329.01 in State tax for a total of $24,510.83 in state and local tax.

The January total also included $19,124.77 in excise tax.

The portion of this county amount from sales in the CITY OF SEMINOLE was $37,354.68 ($8,824.15 less than the $46,178.83 collected last month). This included $11,167.93 in City/ County tax and $9,586.99 in State Tax for a total of $20,753.99 in state and local tax plus $13,750 in Excise Tax.

In the CITY OF WEWOKA marijuana sales generated at total of $1,404.10 in tax revenue (a significant drop of $8,407.27 from last month’s $9,811.37 in tax revenue). This included $430.57 in City/County tax and $384.20 in state tax for a total of $814.77 in state and local tax plus $589.33 in Excise Tax.

In the CITY OF KONAWA, marijuana sales generated a total of $4,876.82 in tax revenue ($3,220.92 more than last month’s total of $1,655.90). This included $1,584.19 in city/county tax and $1,357.88 in state tax for a total of $2,942.07 in state and local tax plus $1,934.75 in excise tax.

STATEWIDE tax revenue generated by marijuana sales totaled $10,572,150.36 in January ($812,460.23 more than last month’s $9,759,690.13). This included $2,968,195.36 in city/county tax and $3,114,034.49 in state tax for a total of $6,082,229.85 in local and state tax plus $4,489,920.51 in excise tax.

Oklahoma voters authorized the state’s medical marijuana program in 2018 with State Question 788.

SQ 788 created the Oklahoma Medical Marijuana Authority (OMMA) as the regulatory agency for the state’s medical marijuana program. OMMA was part of the Oklahoma State Department of Health until October 31, 2022, and it became an independent state agency on Nov. 1, 2022, when SB 1543 took effect.

The OMMA website explains that SQ 788 authorized a 7% excise tax on retail sales of medical marijuana and medical marijuana products-sales from dispensaries to patients. This revenue goes first to OMMA’s authorized budget. Then, 75% of excess revenue from excise tax collections goes into the States general revenue, and can only be spent for common education, while the other 25% of excess revenue is apportioned to OSDH and earmarked for drug and alcohol rehabilitation and prevention.

Retail sales are also subject to state and local taxes, too. The sales tax revenue goes to local governments, and other parts of state government. OMMA does not receive sales tax money.