Some measures would strengthen regulation to better ensure safety and fairness in the industry, which both regulators and industry leaders would welcome, said attorney Felina N.
That number outpaced the staggering total of nearly $71.6 million in sales taxes collected in 2020 – which, in turn, was more than double 2019’s sales tax collections of nearly $30.6 million.
6, 2022, the Oklahoma Medical Marijuana Authority reported 12,197 active business licenses, including more than 2,200 dispensaries and more than 8,300 grow operations.
State Rep.
Active commercial licenses increased 22% between January 2021, when there were 9,987 active licenses, and January 2022, Cornwell noted in a release announcing his bill.
Oklahoma currently has more licensed marijuana grower than does Colorado, California or Oregon, said state Rep.
“Many of our rural voters did not approve the state question that resulted in the legalization of medical marijuana in our state,” Russ said.
The measure would change residency requirements for commercial licensure from 75% of owners living in Oklahoma to 100%.
While edibles are already sold in childproof packaging, SB 1219 would require that packing to be clear, making the shape of the edibles apparent.
A wholesaler would not serve as a grower or dispensary operator, but would focus on facilitating business-to-business sales within the industry.
“There are people out there operating and calling themselves brokers, but there has been no oversight of this,” Rivera said.
Because marijuana has still not been legalized on the federal level, the IRS does not allow legitimate cannabis businesses to claim routine tax deductions afforded other businesses.