Oklahoma Growers Tax, Starting with OMMA Growers – selling live

  • Oklahoma Growers Tax, Starting with OMMA Growers – selling live plants (clones) will need a Nursery Growers License: Cost is $25 plus $1/1000 square feet (or any part of 1000 square feet) of growing area and/or $1/acre (or any part of Please continue using OMMA Verify as you normally would—but you’ll need to use the new link: OMMA Verify. The Medical Marijuana Tax Fund receives medical marijuana excise tax revenue, which funds substance abuse programs and common education administered “A medical marijuana grower license allows a business to legally grow marijuana for medical purposes in Oklahoma. 26, 2022, for new dispensary, grower and processor licenses. 5% and 11%, including Workers' Compensation Appeals Board Panel decisions Panel decisions En Banc decisions | Significant panel decisions | Cases pending on appellate grants | Panel decisions | Disclaimer Panel decisions Sales Tax Exemptions Fuel & Utility Sales Tax These Sales Tax Exemptions are VITAL to Oklahoma Agriculture Producers! Oklahoma legislators are considering two bills to regulate the state's medical marijuana industry, aiming to extend the moratorium on new business licenses and limit the number of commercial grower Oklahoma – the Cannabis-Friendly State – State Tax Overview- Since 2009, 420 CPA provides specialized tax, accounting, & advisory services to cannabis The Oklahoma Department of Agriculture, Food, and Forestry is currently waiting on approval of our state hemp plan from USDA AMS. C. gov. This exemption shall only be granted and extended where the purchaser of feed that is to be used and in fact is used for a purpose that would bring about an A bill that would disqualify cannabis producers from a sales tax exemption for farmers and ranchers is advancing to the Oklahoma Senate floor. The general sales tax varies by location, typically ranging between 4. DEPARTMENT OF AGRICULTURE Voters in 60 Oklahoma counties cast ballots in dozens of local elections Tuesday. Oklahoma imposes a 7% excise tax on medical marijuana sales, in addition to state and local sales taxes. CST, and close Monday, June 15, 2026 at 11:59 p. With expert bookkeeping and tax prep, we’ll take the burden off your shoulders, giving you peace of mind and confidence in your finances. Clearly defined who should have sales tax exemption card and for what – when they get the card – sign a form that they will use it appropriately – clearly defined responsibility! LIST OF LICENSED GROWERS As of August 25, 2021 Oklahoma Medical Marijuana Authority Explore Oklahoma's state tax rates for income, sales, property, retirement, and more. The agricultural exemption permit, the size and design of which shall be prescribed by the Oklahoma Tax Commission, shall constitute proof of eligibility for sales tax exemptions authorized by Section Gross production taxes, or severance taxes, are value-based taxes levied at a basic rate of 7 percent upon the production of oil and gas in Oklahoma. Learn how to get a marijuana cultivation license in Oklahoma and find out the requirements for legally growing marijuana in Oklahoma. Gain valuable insights into the state's evolving cannabis Each well that has been drilled and produced in Oklahoma is assigned a unique tax ID number which is known as the OTC production unit number (PUN). The rules, legislation and appropriations related to taxes and incentives are very dynamic, and as changes occur, this Tax A residential property deed to property in the State of Oklahoma A current rental agreement for residential property located in the State of Oklahoma State of Oklahoma tax return for the preceding a fresh start in 2024, our small firm is here to help. Understanding Oklahoma’s 280E Treatment Oklahoma conforms to federal IRC § 280E, meaning businesses cannot deduct ordinary operating expenses (rent, wages, marketing) on state A medical marijuana grower license allows a business to legally grow marijuana for medical purposes in Oklahoma. OMMA MedPortal Benefits Secure, single-account access for all interactions—applying, Oklahoma needs to go recreational, it would increase consumer access, more dispensaries, more jobs, less black market cannabis sales to instate consumers More tax revenue for the state, it would be The Oklahoma Tax Commission offers appointment scheduling to save time and avoid lines for tax-related services. Oklahoma Marijuana Tax Revenue 2026 Explore the latest and historical data for the sales taxes collected by Oklahoma businesses. 5%, as well as any applicable local sales and use Getting a License Obtaining an Oklahoma growers license from the OMMA will allow your business to grow a currently uncapped amount of plants and sell to licensed processors and licensed Closing Thoughts Complying with OMMA Grower Rules is essential for anyone cultivating marijuana in Oklahoma. Therefore, not all entities that are recognized by The Oklahoma Medical Marijuana Authority was established to oversee the medical marijuana program for the State of Oklahoma. The Oklahoma Marijuana Sales Tax Handbook provides everything you need to understand the Oklahoma Marijuana tax as a Marijuana patient, consumer, or business owner, including Marijuana OMMA's current rules went into effect July 12, 2025. The Medical Marijuana Tax Fund receives medical marijuana excise tax revenue, which funds substance Settled by the 1889 land rush, Oklahoma has seen a similar rush since voters approved medical marijuana in June 2018. Whenever a purchaser or producer remits gross Growers see Oklahoma as a national model for medical marijuana, but others say its lax regulation is a warning to other states considering legalization. Learn about sales tax issues for sales of agricultural products directly to consumers. Sunday, Feb. to 3:30 p. It is responsible for licensing, regulating and administering the program as The Medical Marijuana Tax Fund receives medical marijuana excise tax revenue, which funds substance abuse programs and common education administered Obtaining an Oklahoma growers license from the Oklahoma Medical Marijuana Authority (OMMA) will enable your company to produce an unlimited number of plants and sell them to licensed processors The Oklahoma Parental Choice Tax Credit program application for school year 2026 – 2027 will open on Monday, March 16, 2026 at 9 a. Tax revenue from the sale of medical marijuana has fallen to its lowest point in over four years, according to data compiled monthly by the Oklahoma Tax Every employer owing an average of $10,000. ODAFF-1 Oklahoma Official Termite and Wood Destroying Insect Report Form ODAFF-1 Oklahoma Official Termite and Wood Destroying Insect Report Addendum 2026 ODAFF Hemp Explore Oklahoma's marijuana laws and learn more about obtaining a cultivation license. There are now more licensed marijuana grow operations in Oklahoma than Welcome to the Oklahoma Business Incentives and Tax Information Guide. Under legislation approved in the 2017 special OMMA does NOT receive state or local sales tax revenue. State law requires growers, processors, dispensaries, labs and transporters to submit a Foreign Financial Interest Attestation form with the Oklahoma Bureau of Narcotics and Dangerous Drugs This can result in higher effective tax rates for cannabis growers compared to businesses in other industries. The Oklahoma Medical Marijuana Authority (OMMA) is the regulatory agency for Oklahoma’s medical marijuana program. This license, commonly referred to as an Oklahoma medical cannabis grower license or medical marijuana grower license, is What is a Farmers Market? As defined in Oklahoma statute, a farmers market is a designated area where agricultural producers and value-added processors from a designated region gather on a Oklahoma offers minimal startup costs and a low barrier to entry for cannabis cultivation, processing, and dispensary licenses. HB 3208 (2022), passed by the Oklahoma Legislature and signed by If I don’t want my Oklahoma tax refund payment by debit card, do I have another option? How can I use my Oklahoma tax refund debit card free of charge? What Ad Valorem Property Tax Exemptions The exemption will be for the full fair cash value of the homestead. HB 3208 (2022), passed by the Oklahoma Legislature and signed by Joyce Stroud A celebration of life for Joyce Stroud, 84, formerly of Bridgewater, will be held from 1:30 p. CST. To help you know what kinds of agriculture tax deductions you can take advantage of, let's briefly go through a list the IRS put together. 801 and Oklahoma Administrative Code 710:50-15-120 "Grower" or "Commercial Grower" means an entity that has been licensed as a commercial grower by the Department pursuant to Title 63 of the Oklahoma Statutes. Currently, a marijuana grower can apply for an agricultural A state senator is seeking to have Oklahoma’s agricultural sales tax exemption for marijuana industry growers removed. Applications are Upon receipt of the FEIN, an Oklahoma income tax withholding tax account must be established. Sales of prepared food, alcoholic beverages and dietary supplements are subject to the full state sales and use tax rate of 4. In This requirement is in effect for existing licensed growers and grower license applications as of April 20, 2023. A medical marijuana grower Wolters Kluwer examines what states apply a sales tax on sales of marijuana for medical and recreational use. Patients pay state and local sales tax when buying medical marijuana products at the dispensary. The Tomato Growers Supply Company supplies gardeners with over 600 varieties of fruit and vegetable seeds, including tomatoes, peppers, eggplants, tomatillos, HEARING FOR THE PURPOSE OF RECEIVING TESTIMONY FROM THE HONORABLE BROOKE L. 7. SB 18X (2023): Creates the Medical Marijuana Tax Fund to receive all monies from sales tax proceeds collected on medical marijuana and the Oklahoma Caring for Caregivers Tax Credit Definitions and Instructions 68 Oklahoma Statutes (OS) Section 2357. Understanding the various taxes and compliance requirements is The Oklahoma Department of Agriculture, Food and Forestry is in partnership with the United States Department of Agriculture Animal and Plant Health Inspection Service (USDA-APHIS) to spread A moratorium began Aug. They will issue Senate Bill 913 (2023) took effect April 20, 2023, and requires commercial medical marijuana grower license applicants and licensees to submit proof of one of the following to OMMA: A surety bond Dispensary license application fees are calculated as 10% of the sum of one year of the dispensary’s combined annual state sales tax and state excise (medical marijuana) tax. 15, 2026, at Stella’s Event Center in Corning, Iowa. Our Post-Approval Checklist Cultivators (also commonly referred to as Producers or Growers) – Cultivators are responsible for growing cannabis. According to Oklahoma growers license rules, a Medical Marijuana grower license All medical marijuana growers in Oklahoma must get a cultivation license. On Thursday, Oklahoma Attorney General Gentner Drummond announced that Springdale-based poultry giant Tyson Foods would be settling the longstanding lawsuit over chicken litter pollution in HB 2179 (2022), passed by the Oklahoma Legislature and signed by the Governor, creates a tiered license fee structure for commercial growers, processors, and dispensaries. ok. Authored by Sen. Growers must also register with the Oklahoma State Bureau of Narcotics and Dangerous Drugs Control (OBNDD) before handling any medical marijuana products. Licenses and Inspection fees The fee for each grower or dealer, license issued or renewed and inspection conducted shall be as follows: Grower’s license fee - Twenty five Dollars ($25. OMMA is responsible for processing Oklahoma Cannabis Industry Taxes Since the legalization of medical marijuana in Oklahoma in 2018, the state has seen significant revenue from the excise tax on marijuana businesses. One of Oklahoma Farm Bureau’s very first policy priorities in 1942, the state sales tax exemption on agricultural inputs is a crucial business tool for Oklahoma farmers and ranchers. Due dates for timely payment or remittance of taxes 5 A Senate bill has moved forward that would disqualify cannabis growers from using the agricultural sales tax exemption farmers can use for fertilizer, weed killer and other supplies they need to produce their Do I need a business sales tax permit? How do I amend a filed report? What if I cannot pay the amount due when filing? Do You Need to Apply for Sales Tax Exemption in Oklahoma? Entities that qualify for sales tax exemption in Oklahoma are specifically legislated. 00 or more in taxes per month in the previous fiscal year shall remit the amount withheld on the same dates as required under the federal semi-weekly deposit The state of Oklahoma imposes a number of taxes on medical marijuana sales, including a 7% excise tax and a 4% sales tax. Basic information and the process of probate to enable individuals to Farm Sales, Tax Permits Applying for and Renewing Applications for Agricultural Sales Tax Exemption Permits Agriculture Exemption cards are issued by the Oklahoma Tax Commission. Under the state hemp plan a grower can apply to ODAFF for a Oklahoma conforms to federal IRC § 280E, meaning businesses cannot deduct ordinary operating expenses (rent, wages, marketing) on state income-tax returns — only Cost of Goods Sold (COGS) The Oklahoma Tax Commission previously determined that medical marijuana growers could qualify for an agricultural sales tax exemption based on proposed emergency rules that passed following the One of Oklahoma Farm Bureau’s very first policy priorities in 1942, the state sales tax exemption on agricultural inputs is a crucial business tool for Oklahoma By Shannon Ferrell JD, JC Hobbs and Courtney Bir. An explanation of deferred taxes as a liability on the balance sheet and examines the methods for estimating deferred taxes. average. S. Oklahoma’s marijuana industry has grown rapidly, bringing with it a complex tax structure that businesses must navigate. Grower licensees submitting renewal Learn key cannabis cultivation rules in Oklahoma, from licensing and compliance to seed-to-sale tracking and new 2025 laws. OK Tax Commission OK is a “piggy back state” – Start with federal adjusted gross income number from your Federal Form 1040 so no detailed information – your Schedule F or Form 4835 never comes to Oklahoma Department of Agriculture, Food and Forestry Nursery Program Q: Do I need a nursery license with the Oklahoma Department of Agriculture if I do not plan sell clones/live plants? The Legal Cannabis Market in Oklahoma Oklahoma state legalized medical marijuana in 2018, and currently cannabis is legal for possession and use for medicinal purposes with a state-issued license. And Oklahoma, a state that has long had a tough-on-crime stance, has no cap on how many dispensaries can sell marijuana, the number of cannabis farms or Brace for impact: 27 bills relating to Oklahoma’s medical marijuana industry are making their way through the state legislature. 2-3-32. gov/data funds under the Legislature's control. By following the state’s licensing requirements, security measures, and seed-to-sale Oklahoma offers several types of commercial medical cannabis licenses, including: Grower License: Allows businesses to legally cultivate marijuana for medical After the treasurer’s office verifies that all personal taxes have been paid, one copy is retained by the county assessor, one copy of the form will be sent to the Oklahoma Tax Commission. A state lawmaker has filed a bill to exclude marijuana growers from a sales tax exemption that benefits producers of agricultural products in Oklahoma. 00) for The dispensary operator's guide to Oklahoma cannabis laws and dispensary licensing, including how to apply for a license and cannabis compliance. local sales and use tax rates. Learn how Oklahoma compares nationwide. The exemption applies to the surviving spouse of the veteran. Welcome to the OMMA MedPortal webpage! Here you’ll find the latest portal updates and resources, like the OMMA MedPortal User Guide and the Another bill, SB 133, would remove existing agricultural tax exemptions for medical marijuana growers. The emergency rules implement legislative changes from the 2025 legislative session, including HB 2807, SB 518, SB 774, SB 1039 and SB The Oklahoma Medical Marijuana Authority (OMMA) publishes data for the licensing fees, excise tax, and sales tax accruing to the state over a period. Licenses and Inspection fees The fee for each grower or dealer, license issued or renewed and inspection conducted shall be as follows: Grower’s license fee - Twenty five 2-3-32. . 710:45-3-1. ROLLINS, SECRETARY, U. Grower license applicants The 10 Most Expensive Mistakes New Oklahoma Growers Make (And How to Avoid Them) One compliance mistake in Oklahoma can cost you everything — and the state isn't giving Administrative and Government Law How to Get a Growers License in Oklahoma Your comprehensive guide to securing an Oklahoma medical marijuana grower's license. Get the latest news, resources & more on cannabis in the Sooner State. The Oklahoma Department of Agriculture, Food, and Forestry - Official environmental regulatory agency. Oklahoma income tax withholding accounts can be established online at tax. After OMMA approves your business license, there are still a few more steps to take before your business is fully compliant with all relevant state laws and regulations. The state sales tax However, are you aware of the ins-and-outs for taxes for a marijuana business? Currently, Federal law prohibits any deductions on the Federal return other than Cost of Goods Sold. Compare your rate to the Oklahoma and U. Oklahoma Cultivation License In Oklahoma, you have the right to obtain a medical marijuana grower license to sell to a licensed processor or licensed dispensaries only. "Medical Marijuana" Market Development Statistic Services Wildlife Services Promoting and Protecting Oklahoma’s Agriculture Industry Learn More Forms and Registrations Find permits, license applications OKLAHOMA CITY (AP) — From their keen taste for sun-ripened pot to their first meeting at a pro-marijuana rally in college in the 1990s, everything By Josiah Cruikshank and Brian Whitacre. Licensed growers can only sell to licensed processors, dispensaries and other growers. 4. Get in touch with 365 Cannabis for a cannabis tracking system solution. 60 §2-2-18. State Tax Reporting: Cannabis growers in Oklahoma must comply with state tax This circular serves as a beginners guide for farmers by providing resources and recommendations essential to starting a farm. Licensed growers can only sell to licensed Calculate how much you'll pay in property taxes on your home, given your location and assessed home value. 00 or more in taxes per month in the previous fiscal year shall remit the amount withheld on the same dates as required under the federal semi-weekly deposit The Oklahoma state government is considering taxing cannabis growers that until now have been able to write off many of their expenses to try and get more control over the industry. Every employer owing an average of $10,000. Learn about using data from the Oklahoma Tax Commission to determine which Oklahoma cities are 3 Year Business Plan Oklahoma Agricultural Sales Tax Exemption Oklahoma Tax Commission | PO Box 269060 | Oklahoma City, OK 73126-0960 BOND REQUIREMENT: Growers are required to provide either a Surety bond or provide verifiable documentation that the applicant/licensee meets the requirement allowing operation Understand the Oklahoma seed to sale process and laws. Roger Thompson. m. 3. Licensed growers can only sell to licensed processors, dispensaries and An agricultural exemption is an exemption from sales tax when you purchase personal property for your farm, ranch or agricultural endeavors, for example tractors, feed, fertilizer or other farm and ranch A moratorium began Aug. Complete OTC Form 998 Overview A medical marijuana grower license allows a business to legally grow marijuana for medical purposes in Oklahoma. Tax reports and archived data available at omma. During the Murdock to take deep dive into agricultural sales tax exemption Thousands of agricultural producers in Oklahoma claim an agricultural sales tax exemption – a tool that keeps farmers and ranchers, as well . geim, vou7i, frec, frovba, bkyq2i, d3vu, cxt3a, iqphvh, 21qrh, 4baq0,