Oklahoma medical marijuana dispensaries sold over $56.2 million worth of product in February, according to data released by the Oklahoma Medical Marijuana Authority (OMMA).
The sales generated $3,937,092 in tax revenue for the state, based on Oklahoma’s 7% excise tax on medical marijuana. When combined with January’s data, the state has made $8,125,709 in taxes from $116,081,557.43 in medical marijuana sales so far in 2024.
Medical marijuana has been legal in Oklahoma since voters approved State Question 788 in June 2018. The initiative passed with 57% support, establishing one of the most accessible medical marijuana programs in the nation. Just months after passage, the first dispensaries began opening in October 2018.
Since then, the state’s medical marijuana industry has grown rapidly. As of 2024, there are nearly 1,500 licensed dispensaries operating throughout Oklahoma, serving a patient base that remains among the largest per capita in the country.
OMMA reports that Oklahoma brought in around $50 million in taxes from medical marijuana sales in 2024, with total sales reaching approximately $716 million. February’s $56,244,171.43 in sales is consistent with this trend and underscores the continued demand for medical marijuana across the state.
Oklahoma’s medical marijuana tax revenue supports various public programs, including education, drug and alcohol rehabilitation, and the state’s general fund.
