OK SB1846

Counties and municipalities may levy an excise tax on medical marijuana sales within their territorial limits, subject to majority voter approval at a special election called by local governing bodies or by initiative petition signed by at least 5% of registered voters

If voters reject a proposed tax, no new special election may be called for that purpose for 6 months; approved taxes take effect on the first day of the calendar quarter following voter approval

Initiative petitions require city/county clerk approval for form, with petitioners given 90 days to collect signatures; special elections must be held within 60 days of receiving verified petitions

Tax revenues must be designated for specific purposes, and municipalities/counties cannot redirect dedicated tax funds to other purposes without additional voter approval; counties must establish revolving funds for collected excise taxes

If recreational marijuana is legalized under state law, these local excise tax provisions automatically extend to recreational marijuana at the same rates and conditions; effective date November 1, 2026