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

0
FILE--In this Nov. 30, 2018, file photo, medical marijuana dispensary owner Chance Gilbert displays some of the marijuana he's grown at the Oklahoma Roots dispensary in the bedroom community of Shawnee, about 40 miles east of Oklahoma City. 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% excise tax on marijuana. Another $2 million was collected in state and local sales taxes. To date, medical marijuana sales have generated nearly $10.7 million for state coffers. (AP Photo/Sean Murphy, File)

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.

FILE–In this Nov. 30, 2018, file photo, medical marijuana dispensary owner Chance Gilbert displays some of the marijuana he’s grown at the Oklahoma Roots dispensary in the bedroom community of Shawnee, about 40 miles east of Oklahoma City. 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% excise tax on marijuana. Another $2 million was collected in state and local sales taxes. To date, medical marijuana sales have generated nearly $10.7 million for state coffers. (AP Photo/Sean Murphy, File) THE ASSOCIATED PRESS

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% excise tax on marijuana. Another $2 million was collected in state and local sales taxes.

To date, medical marijuana sales have generated nearly $10.7 million for state coffers.

Sales have grown significantly each month since dispensaries began selling cannabis in October.

The number of people eligible to obtain the drug also is continuing to skyrocket. The Oklahoma Medical Marijuana Authority says it has approved nearly 130,000 patient licenses since August.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

LEAVE A REPLY

Please enter your comment!
Please enter your name here