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MARIJUANA LEGALIZATION, TAXATION AND REGULATIONS

Will marijuana ever be legalized in Oklahoma?

Senate Bill 2116 had its first reading on Feb. 3 to the Senate Chamber. This bill pertains to the legalization, taxation and regulation of marijuana use in Oklahoma. It outlines the rules for use, from recreation to research.

What about taxes?

Sections 12 and 14 of this bill outline the distribution of revenue that is generated from the distribution of marijuana. An excise tax would be imposed, permitting the Oklahoma Tax Commission to adjust certain rates.

Who would have legal access to it?

According to the bill, any person over the age of 21 will have legal access to marijuana, including cultivation, consumption, acquisition, possession and transportation of marijuana under specific rules, such as the amount in possession and the age requirement.

When would this bill go into effect?

If it is passed, the bill will take effect Nov. 1, 2014.