Taxes on legal marijuana sales start to add up for Oklahoma City
Oklahoma City has received about $180,200 in sales taxes on marijuana transactions since medical marijuana was legalized last year.
Marijuana-related sales tax revenue has increased each month since the first receipts came in last October.
The total is a fraction of retail activity, though.
The $66,436.73 received in April was about 0.2% of city sales tax collections for that month, said Bob Ponkilla, the city treasurer.
Figures for May are not yet available.
Overall, sales tax revenue is up 1.5% for May.
May sales tax results were reported Friday and are based on collections the last two weeks of March and first two weeks of April.
May's results were in line with projections.
With one month left in the fiscal year, general fund sales tax revenue is 0.2% above the budget target, for a total of $234.7 million.
Budget officials are projecting 2% growth in sales tax revenue for the 2019-20 fiscal year, which begins July 1.
The city council votes June 4 on adopting the 2019-20 budget.