Medical marijuana sales hitting highs

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From Staff Reports

Despite the COVID-19 pandemic, many Canadian County medical marijuana dispensaries are hitting new highs in sales, according to the Oklahoma Tax Commission.

Canadian County dispensaries paid $103,305.86 in state and local sales tax in May, compared to $66,627.36 in April, the most recent reports from the tax commission show.

Medical marijuana dispensaries pay a 7% state excise tax on all sales plus state and local taxes to cities.

Yukon area dispensaries for the month of May paid $27,981 in sales tax to the city, county and state. That compares to $15,193.88 in April, the Oklahoma Tax Commission reports/
In Mustang, dispensaries paid $15,795.57 in tax for May compared to $21,100.66 in April, a decrease.

Piedmont sales tax was $5,055.05 in May, compared to $4,696 in April. Piedmont has one dispensary.

West Oklahoma City dispensaries in Canadian County reported $23,236 state and local taxes in May and just $6,849 in sales tax for April.

El Reno dispensaries paid $31,237 state and local taxes in May and $18,786 in April.

Okarche does not have a medical marijuana dispensary, but town trustees are reviewing their ordinances on the issues at an upcoming meeting.

Statewide, the total marijuana tax reported to the OTC for May was $11,674,450.44 compared to $9,779,913 in April.

There are 4 dispensaries operating in the City of Yukon, 11 dispensaries in the City of Oklahoma City with Yukon postal addresses.

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