From Background Checks to Inventory Controls
Video Transcribed: What are the legal considerations for starting a medical marijuana dispensary in Oklahoma? I am Oklahoma medical marijuana business attorney Ope Adegbuyi. If you’re interested in starting a medical marijuana dispensary in Oklahoma, there are several legal considerations you should be aware of. Here’s what you need to know.
Number one is licensing. All medical marijuana dispensaries in Oklahoma must be licensed by the Oklahoma Medical Marijuana Authority or OMMA. The application process can be lengthy and requires detailed information about the dispensaries and their owners. So that includes the background check, your proof of identity, proof of residency, your certificate of good standing if it’s an LLC, and your certificate of compliance.
The second thing will be zoning. Medical marijuana dispensaries in Oklahoma must comply with local zoning regulations. This may include restrictions on where the dispensary can be located, such as a minimum distance from schools, parks, churches, and stuff like that. And also the required zoning rules. So for example, some states or some cities or counties will require that you only be zoned in an industrial area or some might require a commercial area. So it just depends on what your county or city-states.
The third thing will be security. Medical marijuana dispensaries in Oklahoma are required to have security measures in place, including surveillance cameras, alarm systems, and strict inventory controls. So that means having your door locked all the time, having only limited access to that for employees. You know, if you fired someone, changing the code to get in and stuff like that.
Then the fourth thing will be packaging and labeling. Medical marijuana products in Oklahoma must be sold in child-resistant packaging and labeled with detailed information about the product, including the THC and CBD content. The packaging must also include a warning label and information about the product’s potential effects.
And the fifth thing will be taxes. Medical marijuana dispensaries in Oklahoma are subject to state and local taxes. This includes a 77% excise tax on all medical marijuana sales, as well as sales tax and income taxes. So this, you know, goes back to your OKTAP account. You have to make sure you have an OKTAP and you’re entering your monthly sales on there.
The sixth thing will be compliance. Medical marijuana dispensaries in Oklahoma are subject to numerous regulations governing their operation, including testing requirements, advertising restrictions, and employee background checks. It’s important for dispensaries to comply with all applicable regulations to avoid fines, license revocations, and other legal penalties.
For more information about this, you can contact me, a Tulsa medical marijuana business formation lawyer, at oklahomamedicalmarijuana.attorney.