OMMA Compliance

Stay on top of your medical marijuana business’s accounting to avoid legal issues. If you suspect someone has messed up your books, take action immediately. Remove them from the business, document the reasons, and quantify the damage. Consider auditing your stock and books to uncover any discrepancies. Ignoring accounting errors could lead to severe consequences, such as losing your OBNDD registration. Proper bookkeeping is crucial in the medical marijuana industry to prevent legal troubles. If you’re unsure about the extent of your accounting issues, seek help from professionals like 420.Law. Call us at (918) 932-2879 for guidance. Stay safe, stay legal.

Oklahoma medical marijuana businesses are regulated by the Oklahoma Medical Marijuana Authority (OMMA). Failing an OMMA inspection can result in penalties such as fines, fees, or license suspension or revocation. Inspections assess compliance in areas including security, record-keeping, and product safety. After a failed inspection, business operators may have options like correcting violations, appealing fines, or requesting reconsideration of penalties. Timely response is important to avoid escalated enforcement actions. OMMA’s regulatory process and potential consequences are governed by Oklahoma statutes related to medical marijuana licensing, see Okla. Stat. tit. 63, §§ 420 et seq.

Medical marijuana dispensaries in Oklahoma face significant financial challenges due to federal tax laws that limit deductible business expenses. Traditional costs like rent, utilities, and wages often cannot be deducted as part of the cost of goods sold (COGS), which must reflect expenses that add value to the product during processing. Simply reselling packaged products does not qualify for COGS deductions. Processing activities, such as making pre-rolls, may be included in COGS if they increase product value, but tax rules are strict and complex. These restrictions stem from federal laws affecting marijuana businesses despite Oklahoma’s medical marijuana legalization.

The cannabis industry in Oklahoma faces complex regulatory challenges involving multiple agencies. The Oklahoma Bureau of Narcotics and Dangerous Drugs (OBNDD) enforces Chief Operating Officer (COO) requirements, while the Oklahoma Medical Marijuana Authority (OMMA) oversees FINCEN regulations and METRC reporting. License holders must comply with accurate reporting and may face license removal if inactive or non-compliant. Without OBNDD approval of a qualified COO, businesses cannot legally operate, even if permits are obtained. Maintaining compliance with both agencies’ rules is necessary to avoid penalties, license suspension, or operational delays under Oklahoma cannabis regulations.

Oklahoma currently has a moratorium on issuing new medical marijuana business licenses through the Oklahoma Medical Marijuana Authority (OMMA). To legally enter the state’s medical marijuana market, one must purchase an existing licensed business, as licenses are not issued separately and cannot be applied for anew during the moratorium. This process requires thorough due diligence to check for any compliance issues or disputes related to the license with OMMA or the Oklahoma Bureau of Narcotics and Dangerous Drugs. The license transfer involves acquiring all assets and liabilities of the business, as outlined under Oklahoma medical marijuana regulations.

The Oklahoma Bureau of Narcotics and Dangerous Drugs Control (OBNDD) issued a memorandum stating that cannabis clones require a manufacturing registration because they will grow into THC-bearing plants, thus counting as manufacturing under state law. Additionally, handling clones requires a license from the Oklahoma Department of Agriculture, Food, and Forestry (ODAFF). Questions have been raised about OBNDD’s authority to enforce this without formal rulemaking, though current enforcement actions continue. New rules also propose mandatory prepackaging of cannabis products, potentially affecting clones and limiting deli-style sales, to comply with evolving Oklahoma medical marijuana regulations.

Are you a medical marijuana business owner in Oklahoma? Do you understand the importance of standard operating procedures (SOPs) in ensuring compliance and success in audits? As a Tulsa medical marijuana attorney, I recently worked with a client who only sells clones, emphasizing the need for meticulous adherence to regulations. SOPs play a crucial role in monitoring plant growth, waste disposal, and overall operational consistency. Without documented procedures, defending against OMMA findings can be challenging. Let me help you navigate the complex regulatory landscape and create SOPs tailored to your unique business needs. Contact 420.Law for expert legal guidance in ensuring compliance and preparing for future audits with OMMA.

Recent legislation in Oklahoma proposes formalizing the rules for medical marijuana purchases and possession. The bill would require the Oklahoma Medical Marijuana Authority Executive Advisory Council to establish these limits, guided by a dedicated task force. This effort aims to replace emergency orders—which currently govern the industry and can change quickly—with clear, consistent regulations developed through a transparent process. The legislation has passed the Senate and is now under consideration in the House, potentially affecting patients and business license holders by providing more predictable compliance standards.

We specialize in navigating the complex legal landscape of Oklahoma’s medical marijuana industry. Our team is dedicated to helping you understand and comply with the regulations set forth by the Oklahoma Medical Marijuana Authority. Contact us today to schedule a consultation and ensure that your business is operating within the bounds of the law. Remember, compliance is key in this rapidly evolving industry. Stay informed and stay ahead with 420.Law.

Thank you for tuning in to today’s update on licensing renewals and rejected applications. Remember, if your application has been rejected, you have a 30-day window to resubmit it before it is canceled permanently. Late renewal fees and timelines do not apply in this scenario. Stay informed and make sure to keep up with all the latest regulations to ensure your cannabis business stays compliant. For more legal insights and tips, visit our website at oklahomamedicalmarijuana.attorney. We’re here to help you navigate the complexities of the cannabis industry and protect your business interests. Thank you for trusting 420.Law with your legal needs.

Thank you for tuning in today and remember, knowing the proper channels for issue escalation can save you time and frustration in the long run. Stay informed and stay compliant. Contact 420.Law for all your cannabis business legal needs.

Hello, this is Cannabis Business Attorney Jesse Kovacs with 420.Law. Today we’re talking about OBNDD renewals. Some of you might have noticed that when you go into your portal with OBNDD and you go to your Renewals tab, there’s no place to actually start a new renewal or continue a renewal. This is usually because you’ve had one processing for quite some time now. To complete your renewal, all you need to do is pay the invoices associated with it. Simply go to your Invoices and Receipts tab and pay the outstanding application fee. For more helpful information like this, visit our website at oklahomamedicalmarijuana.attorney.

Visit our blog for more information on the moratorium on Oklahoma Medical Marijuana Authority licenses. Learn what types of licenses are affected and which ones are still available for application. Stay informed on the latest updates in the cannabis industry and how it may impact your business. Whether you’re looking to start a new venture or navigate the current regulations, our team at 420.Law is here to help. Contact us today for personalized legal advice and support. Let us guide you through the complexities of cannabis law in Oklahoma. Your success is our priority.

Thank you for joining us today as we discuss the changes to application fees for ownership change requests in the cannabis industry. Stay informed and stay ahead of the game by subscribing to our blog for more updates and insights on navigating the legal landscape of Oklahoma’s cannabis market. And remember, if you have any questions or need legal assistance, don’t hesitate to reach out to 420.Law for expert guidance and support. We’re here to help you succeed in the ever-evolving world of cannabis business. Stay tuned for more valuable information and tips from Jesse Kovacs, your trusted Oklahoma Cannabis Business Attorney.

Remember, it’s crucial to stay updated on the ever-changing laws and regulations surrounding the cannabis industry in Oklahoma. At 420.Law, we are here to provide you with the guidance and support you need to navigate these complex legal matters. Whether you are facing a license renewal issue, a license revocation, or are considering surrendering your license, we can help you understand your rights and options. Don’t wait until it’s too late – contact us today to ensure that you are in compliance with state regulations and protect your business interests. Visit our website for more valuable insights and resources.

Thank you for visiting our blog! Today, Oklahoma Cannabis Business Attorney Jesse Kovacs is here to discuss the important topic of renewal applications. With recent changes in regulations, it is crucial to submit your renewal application at least 60 days before the expiration date to ensure it is processed in a timely manner. The renewal window now opens 120 days before expiration, so don’t delay in getting your application in. Failure to meet these deadlines could result in fines or delays in processing. Stay informed and proactive in managing your cannabis business by visiting our website for more valuable insights and information.

We specialize in providing legal guidance to cannabis businesses in Oklahoma, helping them navigate the complex regulations surrounding the industry. Whether you’re a dispensary, cultivator, or processor, we can assist you with licensing, compliance, and other legal matters. Stay informed and stay compliant with the latest updates and insights from our blog. Contact us today to schedule a consultation and learn how we can help your cannabis business thrive in Oklahoma’s rapidly growing market. Remember, when it comes to cannabis law, knowledge is power. Let us empower you to succeed in this exciting and evolving industry.

Stay informed and compliant with the latest regulations in the rapidly growing Oklahoma cannabis industry. Oklahoma Cannabis Business Attorney Jesse Kovacs provides expert legal advice on waste disposal facility insurance requirements. Ensure your business is protected with the necessary commercial general liability and pollution legal liability coverage. For more valuable insights and resources, visit our website at oklahomamedicalmarijuana.attorney. Trust in our expertise to navigate the complex legal landscape of the cannabis industry and set your business up for success. Contact us today for personalized legal guidance tailored to your specific needs.

Check out our latest success story in getting an OMA petition dismissed for failing to work towards operational status. Our client was able to prove they were taking steps to acquire materials, construct their business, and move towards operational status. If you’re facing a similar situation, don’t hesitate to reach out to us for help. We have a track record of success in these cases and can provide the legal support you need. For more information and to see how we can assist you with your cannabis business legal needs, visit our website at oklahomamedicalmarijuana.attorney. Let us help you navigate the complex legal landscape of the cannabis industry in Oklahoma.

We are dedicated to helping cannabis businesses navigate the complex legal landscape in Oklahoma. Whether you’re facing a signage violation or any other issue, we are here to fight for your rights and ensure that you can operate your business successfully. Our experienced team is here to provide you with the guidance and support you need to overcome any legal challenges you may be facing. Contact us today to schedule a consultation and learn how we can help you protect your cannabis business. Visit our website for more information and resources on Oklahoma cannabis laws.