Trade name Should Cost Around $25
This is Medical Marijuana Attorney Isaiah Brydie, where we operate OK Cannabis Law Office. We help the Oklahoma medical marijuana business. So if you have any problems, just give us a call. We’ll be glad to help. So we can answer a plethora of questions. If you’ve got any, always put it in the comments and we’ll be glad to assist you.
Today we’re talking about trade names. Here in the next week or so it’s going to become mandatory when you renew your application with the Oklahoma Medical Marijuana Authority, or you file a new business application. Just what is a trade name?
We’re going to use a hypothetical business as an example. Say you are a registered paraphernalia shop – Ye Olde Paraphanelia Shoppe LLC. When you do business, you are just known as Paraphanelia Shop.
So needless to say, you have to register your business name or our trade name as Apothecary Shop. You have to register that with the secretary of state. And when you do your next renewal, you will have to provide that information to the Oklahoma Medical Marijuana Authority.
Now you’re probably wanting to know why is this change coming about? Well, it has to do with businesses being registered with their business license under one name, but actually doing business under another name that the Oklahoma Medical Marijuana Authority does not know about.
So when a patient or a business owner files a complaint or makes an inquiry as to something involving your business to the Oklahoma Medical Marijuana Authority, to OSBI, to the Department of Health, they don’t have a record because you’re known by your trade name on the street and not necessarily by your business name.
Even though you’re known as Paraphanelia Shop, you still have to do the trade name in order to be in compliance and in order to get your renewal. So it’s going to cost you another $25 with the Secretary of State of Oklahoma. Unfortunately, you just have to comply. If you have any questions, call (918) 932-2879 to speak to a Tulsa medical marijuana attorney.