OKLAHOMA CITY (KFOR) – Oklahoma voters are just a couple of weeks away from voting on legalizing recreational marijuana in the Sooner State.
Supporters and opponents alike are gearing up for the upcoming Oklahoma Special Election on recreational marijuana.
Advocates for the proposed law are arguing from an economic standpoint.
The “Yes on 820” group told KFOR the law would regulate and tax marijuana for adults 21 and older.
The group said it has strict safety requirements for labeling, childproof packaging and quantity limits.
A 15 percent excise tax on recreational sales would be imposed, and proponents say it will generate millions of dollars for Oklahoma schools and health care, plus free up police resources to focus on serious violent crimes.
“Based on some economic analysis that we’ve seen conservatively; we believe that that will bring in around $821 million in new revenue to the state of Oklahoma. That’s combined medical and recreational over the next five years. And then beyond that, a conservative estimate shows $100 million in annually recurring revenue from there on out,” said Ryan Kiesel, Senior consultant on State Question 820 campaign.
However, not everyone is on board…
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