According to the latest report from the Oklahoma Tax Commission, medical marijuana sales in SEMINOLE COUNTY brought in a total of $54,833.05 in sales and excise tax during the month of March 2023. This was $18,001.53 more than the $36,831.52 that was collected in the previous month of February 2023.

The March total included $17,593.31 in City/County tax and $15,101.69 in State tax for a total of $32,695.00 in state and local sales tax.

Marijuana sales are subject to state and local taxes, just like any other commercial product. These funds are returned to the local City, County and State entities, just like any other sales tax revenue.

OMMA does not receive sales tax money. The OMMA website explains that, instead, 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. The March total included $22,138.05 in excise tax that was collected in Seminole County.

The portion tax revenue that was returned to the CITY OF SEMINOLE was $49,396.76. This was $19546.46 more than the $29,850.30 collected last month. This included $15,916.45 in City/County tax and $13653.10 in State Tax for a total of $29569.55 in state and local tax plus an additional $19,827.21 in Excise Tax.

In the CITY OF WEWOKA marijuana sales generated at total of $3,367.22 in tax revenue ($2,253.26 less than last month’s $5,620.48 in tax revenue). This included $1,003.22 in City/County tax and $871.18 in state tax for a total of $1,874.40 in state and local tax plus $1,492.82 in Excise Tax.

IntheCITYOFKONAWA, marijuana sales generated a total of $2,069.07 in tax revenue ($708.33 more than last month’s total of $1,360.74). This included $673.64 in city/county tax and $577.41 in state tax for a total of $1,251.05 in state and local tax plus $818.02 in excise tax.

STATEWIDE tax revenue generated by marijuana sales totaled $9,609,029.02 in March ($96,585.55 less than last month’s $9,705,614.57). This included $5,525,169.28 in state and local tax plus $ 4,083,859.74 in excise tax.

Oklahoma voters authorized the state’s medical marijuana program in 2018 with their approval of State Question 788. The Oklahoma Medical Marijuana Authority (OMMA) was created 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, when it became an independent state agency on Nov. 1, 2022, when SB 1543 took effect.