OKLAHOMA Town (KFOR) – A state senator is trying to get to have Oklahoma’s agricultural gross sales tax exemption for cannabis business growers removed.
Sen. George Burns submitted Senate Monthly bill 1101 forward of the impending legislative session.
The bill aims to “remove the growing, harvesting and processing of marijuana from the record of agricultural products accessible to receive a sales tax exemption,” an Oklahoma Senate information launch states.
Enacting a income tax on health care cannabis will aid greater regulation and problem illegal grows, Burns mentioned.
“There’s a lot more than 8,000 marijuana growers licensed with the point out – but how a lot of additional are operating illegally with out oversight from the Oklahoma Health care Cannabis Authority (OMMA),” Burns said. “We want to make certain this business is perfectly-regulated. There have been several reviews that illegal grows have brought additional medicines and criminal offense into our point out, and it is time we place our foot down and say enough is adequate. Nonetheless, we want to have adequate funding out there to give the OMMA and Bureau of Narcotics the means to go into these grows and make sure they are compliant. My hope is that by subjecting cannabis growers, harvesters, and processers to a revenue tax, we can use the extra profits developed to enhance funding for the law enforcement arms of the cannabis business, therefore defending all Oklahomans.”
Oklahoma voters accredited State Dilemma 788 in 2018, legalizing the licensed cultivation, use and possession of marijuana for medicinal applications.
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