Any Changes Could Be a $500 Fee
Video Transcribed: We are continuing with the question of, what are the two ways to transfer ownership of a medical marijuana license. I am Ope Adegbuyi, a medical marijuana business lawyer in Tulsa, Oklahoma. And in my last video, I talked about the first way, which is the transfer of ownership during the renewal process.
The second way is transferring ownership before renewal or after renewal. So this is when the current owner initiates the ownership transfer in the 10 Tier licensing portal using the process to change the person of interest. The current owner will submit the required documentation for the new owner. The fee is $500.
Then the current or new owner can initiate a business name change in the 10 Tier portal for an additional $500 fee and/or a location change for a separate $500 fee.
So basically, that means that every change that you make costs $500. So if you’re changing the business’s name, that’s $500. If you’re changing the person of interest, that’s $500. If you’re changing the location, that’s $500.
For more information on that or if you need help with that from an Oklahoma marijuana business license attorney, you can contact me at oklahomamedicalmarijuana.attorney.