Renewals Don’t Need a New Certificate
Video Transcribed: When do you need a new certificate of compliance? I am Oklahoma medical marijuana business attorney Ope Adegbuyi. Typically, you don’t need a certificate of compliance when you renew. You only need it for the first-time application.
However, if you sell your license and the name of your business has changed or the location of your business has changed, then you would need a new certificate of compliance. Every time there’s a sale of your license. If it’s not a partnering where someone else is coming into the business or someone else is buying the business and becoming the new owner and everything is the same, then you would need a new certificate of compliance, if there’s any change, such as a name change and a location change. Typically, when you buy just the license, that’s the asset itself, then you would need a new certificate of compliance.
For help with this or for more information from a certificate of compliance lawyer in Tulsa, Oklahoma, you can contact me at OklahomaMedicalMarijuana.attorney.