OKLAHOMA CITY – Hand sanitizer and toilet paper weren’t the only products Oklahomans bought in bulk last month in preparation for “shelter in place.”
Sales of medical marijuana soared to a record high in April: $61.45 million – an average of $217.51 for each of the state’s 282,511 licensed patients. Medical marijuana sales last month also produced higher month-over-month tax receipts for the 17th time in 19 months.
The 7% marijuana tax generated $4.3 million in April – 26% more than the previous month. Combined with $5.4 million in state and local sales taxes, purchases of medical marijuana products generated nearly $9.8 million in tax collections last month – almost $2 million more than total tax receipts in March.