Marijuana Business Factbook 2019

143 © Copyright 2020, Marijuana Business Daily , a division of Anne Holland Ventures Inc. You may NOT copy this Factbook, or make public the data and facts contained herein, in part or in whole. For more copies or editorial permissions, contact CustomerService@MJBizDaily.com or call (720) 213-5992, ext. 1. State-By-State: Legal Overview, Market Data and Outlook | Chapter 2 MJBIZDAILY.COM BUSINESS TAXES & FEES Application Fees Dispensaries: $2,500 Cultivators: $2,500 Processors: $2,500 License Fees Dispensaries: $2,500 (application fee counts as license fee in first year) Cultivators: $2,500 (application fee counts as license fee in first year) Processors: $2,500 (application fee counts as license fee in first year) State tax requirements 7% excise tax on the retail sale of medical marijuana. MMJ sales will also be subject to state and local sales tax. State tax collections in 2018 Not available SUPPLY CHAIN DYNAMICS Dispensary structure For-profit allowed Number of businesses allowed No limits are specified for any type of MMJ business in Oklahoma Number of licenses granted as of early 2020 The Oklahoma Medical Marijuana Authority has approved the following licenses: Dispensaries: 1,597 Cultivators: 4,659 Processors: 1,196 MARKET OVERVIEW Number of registered patients 234,461 (up from 153,864 in mid-2019) Estimated 2019 MMJ sales via dispensaries $345 million