Medical Marijuana Sales Soaring in Oklahoma, Top $23 Million in May

This marks the eighth straight month of growth for the new industry.

Oklahoma Welcome Sign Adobe Stock Credit Katy 89 Resized

Top photo: © katy 89 | Adobe Stock

June 10, 2019

OKLAHOMA CITY (AP) – Medical marijuana sales are continuing to climb in Oklahoma, topping $23 million in May and marking the eighth straight month of growth for the new industry.

Figures from the Oklahoma Tax Commission show the state collected more than $1.6 million in May from the 7-percent excise tax on marijuana.

Another $2 million was collected in state and local sales taxes.

DEA 2024 Report Focuses on THC Potency, Organized Crime, Youth Edible Consumption

These 23 States, DC Collected $2.9 Billion in Cannabis Excise Tax Revenue in 2023

Extended Medical Cannabis Licensing Moratorium Takes Effect in Oklahoma

Oklahoma AG: Lax Cannabis Laws Created ‘Environment Ripe for Exploitation’

DEA 2024 Report Focuses on THC Potency, Organized Crime, Youth Edible Consumption

The federal agency’s National Drug Threat Assessment calls attention to how scheduled substances and trafficking trends are “endangering” the U.S.

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These 23 States, DC Collected $2.9 Billion in Cannabis Excise Tax Revenue in 2023

While Washington levies the highest excise tax rate in the nation, its cannabis revenue didn’t represent the highest percent of its total state tax revenue.

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Extended Medical Cannabis Licensing Moratorium Takes Effect in Oklahoma

New laws impacting the state’s medical cannabis industry took effect Nov. 1, including one that extends a moratorium on issuing cultivation, processing and dispensary licenses until Aug. 1, 2026.

Cannabis Plants Flowering Indoor Credit Alex Resized2

Oklahoma AG: Lax Cannabis Laws Created ‘Environment Ripe for Exploitation’

The state’s attorney general penned a column urging continued enforcement action on the unregulated market.

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Inside Oklahoma's Medical Cannabis Oversupply Issue

A recent study found that medical cannabis supply in Oklahoma outpaces demand by at least 32 times.

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Oklahoma Extends Ban on New Medical Cannabis Businesses Until 2026

The state’s ban on issuing new medical cannabis licenses was extended to Aug. 1, 2026, two years after the initial expiration date.

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No Dice in Oklahoma: Voters Shoot Down Adult-Use Legalization Question

A special election called solely for the statewide question of cannabis legalization resulted in a resounding "no" from voters.

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Oklahoma Voters Take to the Polls Today for Adult-Use Legalization Vote

State Question 820 is the only issue before voters in this special election.

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After Setting Special Election on Cannabis Legalization, Oklahoma Governor Confirms He Opposes the Measure

State Question 820 will go before voters March 7, with promises of $434 million in new tax revenue.

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Noble Nectar Founder is 'Always Listening to the Team'

Noble Nectar Founder Preston Anderson speaks to how he creates a collaborative environment at his vertically integrated company.

The team at Noble Nectar.

How Kush House Nurtures a Reliable Team That Inspires

Frank Baker, co-owner of Oklahoma-based Kush House, and Kris Miller, manager of the company’s Classen location, share how their hardworking team members inspire them and make work feel less like work.

Kush House’s Frank Baker, left, and Kris Miller.

Item 9 Labs Corp. Hires Employees 'For What They Can Do,' Not Their Past

A repeat ‘Best Cannabis Companies’ awardee, Item 9 Labs Corp. prioritizes helping people in life and in business, and focusing on employees' integrity and work ethic, not past experience, according to CEO Mike Weinberger.

Item 9 Labs Corp. encourages employee autonomy and self-lead creativity.

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