Understanding Your Tier for Renewal Application
Hello, this is Oklahoma Cannabis Business Attorney Jesse Kovacs with the OK Cannabis Law Office. Today, we’re asking, how do I find out my tier if I’m a dispensary submitting my renewal application? Well, if this is your first application, your initial tier fee is going to be just the base tier and your application fee is going to be $2,500.
Every renewal term after that, your renewal fee is going to be calculated at 10% of the sum of the combined annual state sales tax and state excise tax of the dispensary during the previous 12 months. So you aren’t set into a specific tier, it’s just going to depend on what your actual sales were. And you will present that with your renewal application and your fee will be calculated accordingly.
Additional Resources
If you found this information helpful and want to learn more about Oklahoma medical marijuana laws and regulations, you can visit our website at oklahomamedicalmarijuana.attorney for additional resources and insights. We are here to help guide you through the complexities of the application and renewal process.
Feel free to reach out to our team at any time with questions or concerns regarding your dispensary renewal application. We are dedicated to providing expert legal assistance to help you navigate the legal landscape of the medical marijuana industry in Oklahoma.
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If you are in need of legal guidance for your dispensary renewal application or any other cannabis business matter, contact us at oklahomamedicalmarijuana.attorney to schedule a consultation. Our team of experienced attorneys is ready to assist you with your legal needs. Don’t hesitate to reach out for expert assistance today.