Oklahoma HB2057 amends medical marijuana taxation to adjust fund apportionments and create a new fund.
Oklahoma HB2057 modifies the taxation on retail medical marijuana sales, setting the tax at 7% of the gross amount received by the seller. The bill changes the apportionment of tax proceeds, allocating 59.23% to the State Public Common School Building Equalization Fund, 34.62% to the Oklahoma Medical Marijuana Authority, 6.15% to the State Department of Health for drug and alcohol rehabilitation, 5% to the State Department of Health, and 1.15% to the Trauma Care Assistance Revolving Fund. Any surplus collections will go to the General Revenue Fund of the State Treasury.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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