State revenue administration; medical marijuana taxation; procedures; effective date.

HB 2176 establishes a 7% tax on retail medical marijuana sales in Oklahoma, collected at the point of sale. The Oklahoma Tax Commission will handle tax collection and enforcement, retaining a 1.5% fee from gross collections. Revenue distribution requires $65 million annually to be split between the State Public Common School Building Equalization Fund (59.23%), the Oklahoma Medical Marijuana Authority (34.62%), and drug/alcohol rehabilitation programs (6.15%), with surplus funds going to the General Revenue Fund. Medical marijuana businesses failing to pay taxes face permanent license revocation. The bill takes effect November 1, 2025.