Pot vote has Oklahoma hungry to rake in green from Texas

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Pot vote has Oklahoma hungry to rake in green from Texas
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Oklahoma voters will decide Tuesday whether to approve a ballot measure that legalizes consuming the plant for adults 21 and older.

Ethan McKee, vice president of Mango Cannabis, displays marijuana flowers at a dispensary, Tuesday, Feb. 28, 2023, in Oklahoma City. Voters in Oklahoma, which already has a robust medical marijuana program, will decide on Tuesday, March 7, whether to legalize cannabis for adults over the age of 21.

Oklahoma is expected to see an increase of $1.8 billion in recreational sales that would generate about $434 million in excise tax revenue alone from 2024 to 2028 if the measure passes, according to an Kevin Pattah, a Michigan native who came to Oklahoma to get into the cannabis business, now operates six Mango Cannabis retail locations across the state. He said the price of 1-gram cartridges of marijuana concentrate that retailed for $60-$70 in 2019 is now going for $20. Prices for marijuana flower and other products also have plunged.

While many in Oklahoma's cannabis industry are eager for recreational sales, opponents include a group of clergy, law enforcement and prosecutors led by former Republican Gov. Frank Keating, an ex-FBI agent. Current Gov. Kevin Stitt and nearly all the Republicans in the Oklahoma Senate also have announced their opposition.

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