OK SB1125

Municipalities and counties may levy an excise tax on medical marijuana sales on gross proceeds or receipts, subject to approval by a majority of registered voters at a special election or through initiative petition signed by at least 5% of registered voters

If voters reject a proposed tax, the governing body cannot call another special election on the issue for 6 months; approved taxes take effect on the first day of the calendar quarter following voter approval

Initiative petitions require submission to the city or county clerk for form approval, with 90 days allowed to collect signatures and elections held within 60 days of verified petition receipt

Municipalities may designate tax revenue for any lawful purpose, while counties must designate revenue for a particular purpose deposited into dedicated revolving funds not subject to fiscal year limitations

If recreational marijuana becomes legal in Oklahoma, these excise tax provisions automatically extend to recreational marijuana at the same rates and conditions; effective date is November 1, 2025