The Impact of Oklahoma SB 15X
The Impact of SB 15X
What is SB 15X? I’m Ope Adegbuyi, a medical marijuana lawyer in Tulsa. SB 15X is a budget bill that increases the registration fee for the manufacturers and setting controlled dangerous substances for scientific purposes.
The Act raised the annual OBNDD fees charged on manufacturers of controlled substances, including medical marijuana grow operations from $500 to $2,500. Marking a 400% increase poses a challenge for many small businesses operating on narrow profit margins, so for those companies, a significant increase in fees is an additional financial burden that may affect their stability and ability to comply with the rules.
Supporting the Growth and Stability of Small Cannabis Businesses
While Oklahoma’s industry remains one of the most affordable to work in, finding a balance between reasonable fees and administrative burden is critical to supporting the growth and stability of existing small cannabis businesses while meeting the OBNDD’s regulatory needs.
So this bill is actually in effect now, so if you’ve tried to go and renew your OBNDD registration or get a new one, then you’ve seen that as a grower or processor, you’re going to be paying $2,500 from the regular 500 from what the $500 fee that you guys used to pay. It’s certainly a really high increase, so this is something that new growers and processors might have to consider before going into the business.
Contact Us for More Information
For more information, you can contact me, an OMMA regulations attorney, at OklahomaMedicalMarijuana.Attorney. Our team is here to assist you and provide guidance on navigating the changes brought by SB 15X. Don’t hesitate to reach out and schedule a low-cost consultation to discuss your specific situation and how we can help.