Cannabis Tax Rates in Oklahoma

Oklahoma (OK)Medical Only

This state has legalized cannabis for medical use only.

Tax Rate Breakdown

State Excise Tax
7% excise
on cannabis sales
State Sales Tax
4.5% + local
additional
Max Effective Rate
~16%
combined max rate
Local Taxes AllowedYes
Medical Tax Rate7% excise + sales taxes
Annual Revenue (2024)$100M
Tax Structure7% state excise tax on medical cannabis plus 4.5% state sales tax and local sales taxes.

Overview

Oklahoma has one of the most open medical cannabis licensing systems in the country, with over 2,000 dispensaries serving hundreds of thousands of patients. A 7% state excise tax is levied on medical cannabis sales in addition to the 4.5% state sales tax and local sales taxes, for a total of approximately 14-16%. A recreational legalization ballot measure (SQ 820) was narrowly defeated in 2023. Revenue from the excise tax funds the Oklahoma Medical Marijuana Authority (OMMA), drug and alcohol rehabilitation, and the general fund.

Key Facts

Frequently Asked Questions

What is the medical cannabis tax rate in Oklahoma?+
Approximately 14-16%: 7% state excise + 4.5% state sales + local sales taxes (typically 2-5%).
Why does Oklahoma have so many dispensaries?+
Oklahoma adopted a very open licensing system with low barriers to entry. There is no cap on licenses, leading to over 2,000 dispensaries — more than any other state.
Will Oklahoma legalize recreational cannabis?+
SQ 820, a recreational legalization measure, was narrowly defeated in a March 2023 special election. Future ballot initiatives remain possible.

Compare Tax Rates in Related States

See how Oklahoma's cannabis tax rates compare to neighboring or similar states.

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Disclaimer: The information on this page is provided for educational and informational purposes only and does not constitute tax or legal advice. Cannabis remains illegal under US federal law. Oklahoma tax rates and regulations are subject to change and may vary by local jurisdiction. Tax rates, revenue figures, and program details described here are based on publicly available information and may not reflect the most current regulations. Always verify current tax rates with official Oklahoma state tax authorities and consult with a qualified tax professional. Cannabismarketcap does not guarantee the accuracy or completeness of any information presented.