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Medical marijuana tax revenue tops $2 million since sales began

Medical marijuana tax revenue tops $2 million since sales began

As Gov. Kevin Stitt on Thursday signed into law a bill establishing an extensive medical marijuana framework in Oklahoma, reports from the state show just how much money has come in since voters approved State Question 788 last summer.

In a nutshell, nearly $20 million has been generated in licensing revenue, state and local taxes, and the SQ788- mandated 7 percent tax. And the cost of the program for the state's fiscal 2019, including start-up costs, is $5.8 million. However, several provisions of the Unity Bill will significantly add to the state's costs.

Read on to learn more about Oklahoma's medical marijuana program by the numbers, as well as what measures are moving in the Legislature that would further regulate the industry.

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