Mar 4, 2021
Fire Leaf employees Steven Reese, left, and Hunter Dougherty work behind the counter at the Norman location, 751 S. Canadian Trails Drive, Suite 120. Transcript File Photo
After a record-breaking year of revenue for state medical marijuana dispensaries in 2020, the first month of 2021 saw dispensaries continue that trend.
In January, state dispensaries reported more than $78 million in total revenue, which outpaced more than half of the monthly revenue output for dispensaries in 2020, according to data from the Oklahoma Tax Commission. State dispensaries also remitted nearly $6.5 million in city and state sales tax in January.
The latest OTC revenue report always reflects data from two months prior.
From the Desk of Sen. Zack Taylor
Sen. Zack Taylor
What a week as we raced to meet the committee bill deadline on Thursday while also addressing damage from the historic winter storms and the incredible increase in energy prices and their impact on consumer utility bills.
Before I get into the legislative business, I want to urge everyone who sustained damage or injuries during the snowstorms to please report those at www.damage.ok.gov as soon as possible. While the governor requested Federal Individual Assistance for all 77 counties, only 16 have been approved. For the remaining counties to receive this assistance, they must meet a financial threshold based on individuals’ damage reports. This includes any damage to your home, rental property, or business resulting from the storm, like flooding from roof damage or busted pipes and broken equipment or appliances from power surges. You’ll also need to report if you
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Feb 14, 2021
Product at Herbal House in Norman is shown. Oklahoma Tax Commission data shows 2020 was the highest-revenue year yet in Norman and statewide. Kyle Phillips / The American
In 2020, Normanâs medical marijuana industry quickly proved to be an emerging market.
The marijuana industry locally and statewide more than doubled its revenue compared to 2019, as the stateâs new industry grew to one of the biggest marijuana markets in the country. While some attribute the industryâs success to the COVID-19 pandemic, others suggest medical marijuana wouldâve seen continual growth in 2020 regardless.
Below is a summary of the industryâs growth in 2020 in Norman and statewide, its impact on local residents and what experts expect for medical marijuana in 2021.
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