Oklahoma Governor Kevin Stitt said Tuesday that State Question 820 to legalize adult-use cannabis will go before voters in a special election on on March 7. The referendum includes the introduction of a 15% excise tax on recreational use sales, above applicable sales taxes, to fund implementation of the law. Any surplus revenue will go toward public school programs to address substance abuse and improve student retention, as well as the state’s general revenue fund and drug addiction treatment programs. Oklahoma voters approved medical cannabis in 2018 with State Question 788. Oklahoma has nearly 400,000 medical patients as of May. The program has generated more than $350 million in excise and sales tax revenue. On Nov. 1, the Oklahoma Medical Marijuana Authority will become an independent state agency.
World indices overview: news from US 30, US 500, US Tech, JP 225, and DE 40 for 11 March 2025
US unemployment rose; investors assess the Federal Reserve’s comments. Find out more in our analysis and forecast for global indices for 11 March 2025. US
