Excise tax; authorizing counties and municipalities to levy tax on medical marijuana. Effective date.

SB 1125 allows Oklahoma counties and municipalities to impose an excise tax on medical marijuana sales within their boundaries, but only after voter approval. Local governments must secure a majority vote in a special election (either called by the council or via a 5% voter petition) and cannot hold another vote for six months if rejected. The tax applies only to sales within the local jurisdiction, takes effect the first day of the next calendar quarter after approval, and must clearly state its duration to voters. Revenue must fund specific local purposes (like public safety or health) and cannot be redirected without another voter vote, with counties required to create dedicated revolving funds for these purposes.