A novel 120 Gbps free space optics (FSO) transmission scheme is introduced by combining orbital angular momentum (OAM) multiplexed signals with spectral amplitude coded (SAC)-optical code division multiplexing access (OCDMA) technique. Four OAM beams, each carrying three independent channels with 10 Gbps data rate, are used for increasing the capacity of the FSO system to 120 Gbps. Enhanced double weight (EDW) codes are employed for the SAC-OCDMA system. The proposed system is simulated and its performance is compared for the twelve channels under different weather conditions including clear air (CA), varying levels of rain, haze and fog conditions. The obtained results reveal that longer propagation distances between transmitter and receiver are possible with a bit error rate (BER) of ~10-5. The possible distances are, respectively, 300 m, 160 m, 200 m, and 150 m, under CA, heavy rain (HR), heavy haze (HH), and heavy fog (HF), with a system capacity of 120 Gbps.