Oklahoma: Marijuana Tax Handbook

Oklahoma:

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

2024 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?

Since July 2021, the state has collected over $111 million in marijuana sales tax revenue.

The tax revenue goes to various entities such as the OMMA for operating costs, the state’s general revenue fund for education, 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?

The tax is $3.50 per gram of marijuana.




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

Arkansas
Colorado
Missouri
New Mexico
Texas

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

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


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