Oklahoma schools to receive over $38 million in marijuana taxes

It’s great to see the taxes generated from marijuana sales in Oklahoma being used.

KTEN reports that school districts in Oklahoma received $38.5 million in Redbud Grant funds from medical marijuana excise and state school tax.

In total, the funds were divided among 330 charter schools and public schools to be used for new facilities. Grants range from $292 to $142,633. You can view the full list of grant recipients at this location.

State Superintendent of Schools Joy Hofmeister says the goal is to equalize building funds across the state:

Oklahoma is one of the few states that has not provided this type of building fund to districts that are at the bottom of the ad valorem scale. This helps equalize building fund support across the state.

I know there are people who oppose the legalization of marijuana, but I believe it is inevitable. So if it’s going to be legal, I can’t think of a better beneficiary of the taxes raised than the education sector.

And if the Oklahomans for Responsible Cannabis Action (ORCA) has its way, there will be even more money coming from taxes on marijuana sales.

In October 2021, the group filed a petition to legalize recreational marijuana in the Sooner State. If legalized, anyone over the age of 21 will be able to purchase recreational marijuana at existing medical marijuana dispensaries.

Follow the progress of the petition and the latest news from ORCA orcaok.com.

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