Trauma Care Assistance Revolving Fund; medical marijuana taxation; apportionment; assess; collect; apportionments; funds; effective date; emergency.
HB 2057 establishes a 7% tax on retail medical marijuana sales in Oklahoma, collected at the point of sale. Tax revenue is allocated annually starting July 2026: $65 million is divided between the State Public Common School Building Fund (59.23%), the Oklahoma Medical Marijuana Authority (34.62%), drug and alcohol rehabilitation programs (5%), and the Trauma Care Assistance Revolving Fund (1.15%). Any surplus tax collections go to the General Revenue Fund. The bill also requires medical marijuana businesses to pay taxes or face permanent license revocation.
Bill status
died
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2025
Last action Feb 24, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
1
Committee
3
Feb 24, 2025
Lower · Passed
Recommendation to the full committee; Do Pass, amended by committee substitute Appropriations and Budget Health Subcommittee
lower
Feb 14, 2025
Committee
Referred to Appropriations and Budget Health Subcommittee
lower
Feb 12, 2025
Committee
Referred to Appropriations and Budget
lower
Feb 3, 2025
Introduced
First Reading
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mark Chapman
RRepublican
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