Taxes Don’t Apply to Some Marijuana Businesses
This would be our last section on state question 820. It just goes into taxes and the taxes that will be imposed.
State Question 820 says that an excise tax of 15% will be imposed on the gross receipts of all sales of marijuana sold by an adult-use marijuana dispensary licensee to a consumer.
This tax would not apply to medical marijuana businesses. The Oklahoma Tax Commission is to establish a procedure for the collection of the tax and the tax will pay in addition to other applicable state or local sales tax. So basically what we can see in the section is that there’ll be a 15% tax on dispensaries alone that sell to consumers.
It wouldn’t affect medical marijuana business licensees. And so basically they’re leaving it up to the Oklahoma State Tax Commission to decide on how the tax is going to be collected, through what medium, and things like that.
For more information, you can contact me, a Tulsa marijuana law attorney, at oklahomamedicalmarijuana.attorney.