Don’t Wait till the Last Minute to Renew
Video Transcribed: When do medical marijuana businesses need to renew their OBN licenses? My name is Ope Adegbuyi and I am a medical marijuana business lawyer in Oklahoma.
All OBN licenses expire on October 31st. That means that all licenses must be renewed prior to October 31st before they expire. If your license expires or you renew it after it’s expired, then you’re going to be fined a $500 late fee.
To avoid the state fee, you have to renew it prior to its expiration date. New registrations that are approved prior to July 31st must be renewed in the same year. So the October 31st renewal date, they have to be renewed on that date.
However, new registrations that were applied for after July 31st would not expire until the following year on October 31st.
For more information, you can contact me, a Tulsa marijuana business law attorney, at oklahomamedicalmarijuana.attorney.