Oklahoma: Marijuana Tax Handbook


Oklahoma Marijuana Tax Rate

Sales Tax Medical Excise Tax Medical Max Medical Tax Sales Tax Recreational Excise Tax Recreational Max Recreational Tax
4.50% 7.00% 11.50% N/A N/A N/A

2021 Oklahoma Marijuana Tax Handbook

Oklahoma patients are required to pay a 4.50% sales tax on every purchase of medical marijuana. There is also an additional excise tax of 7% on every purchase of medical marijuana.

Recreational marijuana is illegal in Oklahoma, so there are no taxes for it.

About Oklahoma Marijuana Tax

All medical marijuana products are taxed. In Oklahoma, medical marijuana purchases are subject to a 7% excise tax and a 4.5% statewide sales tax. In some cases, additional local municipal taxes. Basically, buyers will pay roughly 12% in taxes.

What is the most recent revenue statistic for Oklahoma?

The program recently started, but analysts estimate $20 million tax revenue for the state in the upcoming year.

The tax revenue goes to various entities such as the OMMA for operating costs, the state’s general revenue fund, and a drug and alcohol rehabilitation fund.

Is the Oklahoma Marijuana Tax Weight-Based or Percentage-of-price-Based?

Oklahoma's marijuana program uses a Percentage-of-price tax system. This means that the tax charged is calculated using the retail price of the Marijuana at the time of purchase.

Does Oklahoma have a Controlled Substances Tax?

Oklahoma does not have a Controlled Substances tax involving Marijuana.

How do Oklahoma's marijuana taxes compare to the states around it?

New Mexico

Note: It is illegal to transport marijuana accross state lines.

For more information about Oklahoma Marijuana Taxes, visit the Oklahoma Marijuana Tax page.

** This Document Provided By SalesTaxHandbook **
Source: http://www.salestaxhandbook.com/oklahoma/marijuana