Recreational MMJ Regs Will Be Consistent with Medical MMJ Licenses
Video Transcribed: We are continuing with the question about what Oklahoma State Question 820 says. My name is Ope Adegbuyi and I am a medical marijuana business lawyer in Tulsa.
So, state question 820 says that the OMMA has 90 days after the effective date of the act to regulate the prices of applications, qualifications, labeling standards, requirements, security requirements, and other regulations. But, the regulations shall be consistent with the medical marijuana business licenses to the extent applicable.
The proposed act also states that in the first two years after the authority begins accepting applications, the OMMA shall only accept applications from medical marijuana business license holders that had been licensed for, at least, one year from the effective day of the proposed act. So, basically, this section says three things. The first thing is that OMMA only has 90 days after the act has been approved, which would be basically from what the act had started 90 days after the ballot has been voted yes on.
So, OMMA has 90 days after that effective date to regulate all the things that they want to regulate, be it prices, standards, or security. And then, the second thing is that only… But, the regulations should be consistent with already made medical marijuana business regulations, except, of course, things that cannot be the same, or to the extent applicable.
And then, the third thing is, now, once the proposed Act is in effect, the OMMA has, within the… Once the act has been in effect, for two years, or within two years of that effective day, OMMA must only accept applications for adult use licenses from medical marijuana businesses that had already been in play for the first year from the effective date of the proposed act.
So, basically, the first two years are only for medical marijuana businesses that had already been around one year from that date of effectiveness that would be able to get licenses. So, that kind of limits who would be able to get the license for two years. Until that two-year period is over then other new businesses would be able to come in and get licenses.
For more information, you can contact me, an Oklahoma medical marijuana attorney, at oklahomamedicalmarijuana.attorney.