Luttrell says marijuana tax revenue boosts rural communities
OKLAHOMA CITY – State Rep. Ken Luttrell, R-Ponca City, commented last week on the tax receipts from sales of medical marijuana products in Kay and Osage counties for the first 10 months of 2020.
From January to October, the latest figures available from the Oklahoma Tax Commission, the medical marijuana tax generated from State Question 788 totaled $771,158.96 in Kay and Osage counties, and the state and local sales taxes totaled $1,003,926.69. That compares to almost $51.2 million and almost $65 million respectively for the entire state.
“The Legislature continues to fine tune medical marijuana regulations to ensure the safety of consumers and the honesty and integrity of the industry,” Luttrell said. “We also must ensure the dollars are going to education and other sources specified by statute.”
In June 2018, a majority of Oklahoma voters approved State Question 788, which legalized medical marijuana. Luttrell said since that time he has been tracking the economic impact of the taxes collected from the counties he represents.