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Friday, October 18, 2024 at 3:27 PM
TriCity Insurance Agency

Marijuana taxes go back to city coffers

The November state tax collections reflecting October sales for Medical Marijuana in Newcastle showed a total return of $30,868.49.

The November state tax collections reflecting October sales for Medical Marijuana in Newcastle showed a total return of $30,868.49.

Of that total, seven percent collected — coming to $16,163.07 — was returned to the Oklahoma State Department of Health.

Another $7,352.71 in sales taxes was collected and returned to the City of Newcastle coffers. As well, $7,352.71 was distributed back to the State of Oklahoma for state sales tax.

On sales in their cities, the City of Blanchard was returned $7,507.96 while the City of Purcell was returned $6,372.55.


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