Oklahoma collected $9.8 million in medical cannabis tax revenue in April, which breaks the previous record of $7.8 million that was set in March, according to The Oklahoman.
The Oklahoma Tax Commission’s figures include traditional sales taxes and a 7% medical cannabis tax, the news outlet reported.
Oklahomans spent roughly $61.4 million on medical cannabis in April, which equates to nearly $217 per registered patient, according to The Oklahoman.
The tax revenue increase from March to April represents the highest month-to-month increase since last summer, the news outlet reported.
Latest from Cannabis Business Times
- Cannabis Industry Reacts to Biden’s Rescheduling Announcement
- As Predicted, 4/20 Sales Surged During Cannabis Industry Holiday Weekend
- DEA 2024 Report Focuses on THC Potency, Organized Crime, Youth Edible Consumption
- Nature's Miracle, Agrify Sign Definitive Merger Agreement
- 5 Things to Confirm When Signing a Cannabis Facility Construction Agreement
- Ziel Partners With Portocanna, Receives 1st EU GMP Certification for Microbial Control Technology in Cannabis
- White House Moves to Reschedule Cannabis in ‘Monumental’ Decision, Biden Says
- SOMAÍ Group, and Its Subsidiary, RPK Biopharma Expand Cookies Partnership to Include Europe and the UK