There Are Two Ways to Get a License
Video Transcribed: How can you get a medical marijuana business license during the moratorium? I am Tulsa medical marijuana business lawyer, Ope Adegbuyi.
There are two ways to get a license during the moratorium. In this video, I’ll be talking about the first way. The first way to get a license is by buying a license outright from someone. This entails just purchasing with an asset purchase agreement, just the license of that business. Then, once that’s done, you transfer that license to your name or your business.
After the transfer, the prior license owner, that’s the seller, has no interest or right in that license. The license is no more connected to the seller and is now connected to the buyer. It’ll be associated with the buyer’s name, if they buy it as themselves, or the buyer’s business if they buy it through the business.
For more information from a marijuana business license attorney in Oklahoma, you can contact me at OklahomaMedicalMarijuana.attorney.