Medical dispensaries see recreational market as inevitability – Norman Transcript

Medical marijuana dispensary owners in Norman say a legal market is not a matter of if but how — and say higher taxes are the chief concern for viability.

If it gets on the ballot, State Question 820 would legalize, tax and regulate recreational marijuana for adults 21 years of age and older.

Over 100 boxes containing more than 160,000 signatures were submitted to the Secretary of State’s office on July 5. Oklahomans for Sensible Marijuana Laws submitted around 70,000 more signatures than the 94,910 required to send the measure to voters, according to the Associated Press.

As Oklahomans await the validity of the signatures, Norman dispensary owners are already anticipating what a recreational market will look like. Some expect an evolution similar to what was seen on the west coast and in Colorado.

Regulating, taxing legal marijuana

If put to a vote and approved, a 15% excise tax would be applied to all purchases. The Oklahoma Medical Marijuana Authority, the regulatory agency that oversees the state’s medical program, would be responsible or marijuana business licensing and regulations, according to Ballotpedia.

Oklahoma’s medical program would continue, with card holders only subjected to the 7% medical tax.

It would legalize the possession of up to one ounce, eight

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