OK SB1125

Municipalities may levy an excise tax on medical marijuana sales with majority voter approval through special election or initiative petition signed by 5% of registered voters.

Counties may levy an excise tax on medical marijuana sales with the same voter approval requirements as municipalities.

Tax must be designated for a lawful purpose; municipalities and counties must identify whether duration is limited or unlimited when presenting to voters.

If voters reject the tax, no subsequent election on the same issue may be held for 6 months; tax becomes effective the first day of the calendar quarter following approval unless another date on a calendar quarter is specified.

If recreational marijuana is legalized in Oklahoma, these excise tax provisions automatically extend to recreational marijuana at the same rates and conditions; county excise tax funds are continuing funds not subject to fiscal year limitations; act becomes effective November 1, 2025.