Weed Out Legal Issues
Video Transcribed: What legal considerations should medical marijuana business owners in Oklahoma be aware of when it comes to managing taxes? I’m Ope Adegbuyi, a marijuana business defense lawyer in Tulsa.
Taxes are another key consideration in medical marijuana businesses. The state imposes a number of taxes on medical marijuana sales, including a 7% excise tax and a 4% sales tax.
Business owners must also ensure that they’re appropriately collecting and remitting these taxes to the states in order to avoid penalties or legal issues.
For more information, you can contact me, an Oklahoma marijuana business regulation lawyer, at oklahomamedicalmarijuana.attorney.