Oklahoma Cannabis Law
Honesty is Best: Navigating OBNDD Revocation to Avoid Criminal Prosecution
Facing an OB and DD revocation of your medical marijuana registration can be a daunting experience. Without this crucial registration, you cannot process, hold, or be in the market with medical marijuana in Oklahoma. It is imperative to have your OMA license in place before obtaining an OB and DD license. If you find out that your OB and DD registration has been revoked due to oversight or neglect, it is crucial to report the mistake immediately and dispose of the items properly. Attempting to hide or falsify information can lead to criminal charges and jeopardize your ability to obtain any future licenses. Contact Worth Law Office for guidance on how to rectify the situation and ensure compliance with OB and DD regulations. Read more »
Navigating Building Codes for Oklahoma Cannabis Greenhouse Growers
If you're a medical marijuana grower in Oklahoma, you may be facing some unfair treatment from the state government when it comes to building codes and permits. As an attorney at Wirth Law Office, I've been working to challenge these inconsistencies and ensure that marijuana grows are treated just like any other farm in the state. Despite the uphill battle, I'm committed to fighting for fair treatment for all growers. If you have questions or are experiencing challenges with permits or regulations, don't hesitate to reach out. Stay safe, stay legal, and let's work together to make sure your business can thrive. Read more »
Can a Trust Own Your Cannabis Land? The Legal Answer for Business Owners
Hey, Oklahoma medical marijuana business owners and license holders. I’m Katrina Lucas, a Tulsa medical marijuana attorney with Wirth Law Office and 420.Law. Can a trust own the land of your cannabis business? Yes, but there are legal complexities to consider. While nothing in state or federal law prohibits a trust from being involved in the industry, fiduciary duties must be carefully navigated, especially with irrevocable trusts for special needs individuals. A living trust owned by an individual or couple is a safer bet. For personalized advice, call me at (918) 932-2879. Let’s address your estate planning and cannabis law needs together. Stay safe, stay legal. Read more »
Business Insurance for Cannabis Companies: What You CAN Insure
Are you in the cannabis industry and wondering how to protect your business from risks? As a cannabis business attorney, I specialize in helping companies navigate the complex legal landscape of the cannabis industry. From evaluating insurance options to creating a risk fund for potential disasters, I can provide you with valuable insights to safeguard your business. Insurance options for cannabis businesses can be limited and costly, but there are ways to mitigate risks through strategic planning and financial preparation. Let me help you understand your options and develop a plan to lower your operational risk. Contact me at Wirth Law Office in Tulsa, Oklahoma, and let’s work together to protect your business. Stay safe, stay legal. Read more »
The 60-Day Window: Critical Steps to Renew Your MMJ License Before OBNDD Revokes It
Join cannabis business attorney Katrina Lucas from 420.Law as she discusses the annual costs of renewing your license. From OBNDD fees to OMMA renewal fees, staying on top of the renewal process is crucial in the cannabis industry. Learn how to navigate delays, rejections, and adjustments to ensure your license stays valid. Don’t wait until it’s too late—contact Katrina at (918) 932-2879 for expert guidance on license renewals and potential license deals. Stay safe, stay legal with Katrina Lucas and the team at Wirth Law Office in Tulsa, Oklahoma. Read more »
Navigating Partner Buyouts in the Cannabis Industry
Are you a business owner in the cannabis industry looking to buy out a partner without bringing in a new one? Katrina Lucas from 420.Law has the answer for you. Trust is key in situations like these, but if it doesn't exist, contractual obligations and involving a third party may be necessary. Structuring contracts and processes is essential, and Katrina can help you navigate the complexities of buying out a partner in a non-traditional business setting. With out-of-the-box thinking and alternative plans, there are always options to explore. Contact Katrina at Wirth Law Office for expert advice on structuring your deal. Read more »
Breaking Up the Business: Proper Steps to Remove a Partner and Notify OMMA
Are you facing a business dispute with your partner in the cannabis industry? Katrina Lucas of 420.Law in Tulsa, Oklahoma, shares important advice on how to handle ownership changes and disputes with the Oklahoma Medical Marijuana Authority (OMMA). It's crucial to properly disclose any changes in ownership to the state, update operating agreements, and ensure that all partners are accurately reported to avoid potential legal issues. Failing to do so could result in losing your business assets, OMMA license, and the ability to continue operating in the industry. Don't wait until it's too late. Contact an attorney to help navigate through business disputes and protect your interests. Call (918) 932-2879 for guidance from experienced professionals at Wirth Law Office. Stay safe, stay legal. Read more »
Books Are Messed Up: Immediate Steps to Fix Reporting Errors
Stay on top of your medical marijuana business's accounting to avoid legal issues. If you suspect someone has messed up your books, take action immediately. Remove them from the business, document the reasons, and quantify the damage. Consider auditing your stock and books to uncover any discrepancies. Ignoring accounting errors could lead to severe consequences, such as losing your OBNDD registration. Proper bookkeeping is crucial in the medical marijuana industry to prevent legal troubles. If you're unsure about the extent of your accounting issues, seek help from professionals like Wirth Law Office. Call us at (918) 932-2879 for guidance. Stay safe, stay legal. Read more »
Don't Go It Alone: Why You Need a Lawyer Immediately After an OMMA Inspection Failure
Are you worried about failing an OMMA inspection for your cannabis business? Katrina Lucas from Wirth Law Office has some important advice for you. Failing an inspection can result in fines, fees, and even the revocation of your license. It's crucial to act quickly and hire an attorney to guide you through this challenging situation. Whether it was negligence or something more serious, Katrina can help you navigate the legal process, negotiate with the government, and potentially save your business. Don't wait until it's too late - contact Wirth Law Office today for expert legal advice and representation. Read more »
Maximize Dispensary Profit: Structuring Your Business to Beat Federal Tax Law
Learn about the unique challenges and benefits of operating a cannabis dispensary in Oklahoma from experienced cannabis business attorney Katrina Lucas. Find out how to maximize profits and navigate the complex tax laws that apply to dispensaries. Discover the importance of having a strong understanding of cost of goods sold accounting and how having a legally adjacent business can provide additional tax benefits. If you're struggling with the structure of your business or need assistance with tax planning, contact Katrina Lucas at Wirth Law Office. Stay safe, stay legal, and make the most out of your cannabis business in Oklahoma. Read more »
Acquiring an Oklahoma Cannabis License: The Current Rules Explained
Are you considering starting a cannabis business in Oklahoma but don't know where to begin? Katrina Lucas, the cannabis business attorney at Wirth Law Office, can help guide you through the complex process of acquiring a license. With a moratorium on new licenses in place, the only way to enter the market is by purchasing an existing license. Katrina can assist you in finding a license for sale, conducting due diligence to ensure its validity, and completing the transfer process. Contact Wirth Law Office at (918) 932-2879 to start your journey in the cannabis industry with confidence. Stay safe, stay legal with Wirth Law Office. Read more »
Is the Trust Real? Steps to Verify a Trust That May Hold Cannabis Business Assets
Are you struggling to find information about a trust your parents set up? Do you have questions about who the trustee is and what rights you have in the trust? As an estate planning attorney, I understand the frustration these questions can bring. It's important to know that accessing trust information can be complex and may not always result in a clear answer. If you find yourself in this situation, it's crucial to contact a knowledgeable attorney to help you navigate the process. Give me a call at (918) 932-2879 to discuss your trust concerns. Stay informed, stay protected. Read more »
Understanding Your Estate Planning Options as a Cannabis Business Owner
Katrina Lucas, an estate planning and probate attorney at Wirth Law Office in Tulsa, offers comprehensive packages for wills and trusts. With a focus on protecting your assets and ensuring your wishes are followed, Katrina includes durable power of attorney, medical power of attorney, and HIPAA disclosure forms with every plan. Trust planning includes guidance on funding, deeds, and transfers to support your long-term financial goals. Don't leave your legacy to chance—work with an experienced attorney to create a personalized estate plan that meets your needs. Contact Katrina Lucas at Wirth Law Office to schedule a consultation today and secure your future. Read more »
High Cost, No Privacy: The Financial Pain of Probate for Cannabis Business Assets
Are you considering creating a will for your estate planning needs? While a will is a good starting point, it may not be enough to avoid probate and keep your personal information private. In a probate process, your will becomes a public record, showcasing your assets and who you have disinherited. This process can also be costly, with fees for notifying creditors and individuals, as well as lawyer and court fees. If you are in need of creating a will or facing challenges with an existing will, it is important to seek guidance from an experienced attorney to ensure your wishes are properly honored. Contact me at Wirth Law Office to discuss your estate planning needs. Read more »
Intestate Probate for Oklahoma Cannabis Business Owners
Good morning, Oklahoma. This is Katrina Lucas with Wirth Law Office, your trusted estate planning and probate attorney in Tulsa and surrounding areas. Today, I want to stress the importance of having a will and trust in place before it's too late. Dealing with intestate probate can tear families apart, causing unnecessary grief and conflict during an already difficult time. Don't wait until it's too late to plan for the future of your loved ones and assets. Let me help guide you through the process to ensure a smoother transition for your loved ones. Contact Wirth Law Office at 918-932-2800 for assistance. Stay safe, stay legal. Read more »
Irrevocable vs. Revocable: Which Trust is Right for Your Estate Plan?
Good morning, Oklahoma. This is Katrina Lucas, a Tulsa medical marijuana attorney with Wirth Law Office, here to answer a common question on estate planning: the difference between irrevocable and revocable trusts. An irrevocable trust hands over control of assets to a trustee, reducing estate value for government benefits. However, it may face higher taxes if not set up correctly. A revocable trust, also known as a living trust, allows full control while alive, but doesn't protect assets from creditors as well as an irrevocable trust. Both avoid probate. For help with trusts and estate planning, contact Wirth Law Office. Read more »
Protecting Your Assets: Do You Need a Trust for Your MMJ Business?
Are you a medical marijuana licensed business in Oklahoma? As a Tulsa medical marijuana attorney, I specialize in estate planning, including trusts for end-of-life asset planning. A trust is a legal entity that manages property and assets during your life and after death to protect assets and avoid probate. While trusts are highly recommended for estate planning, they may not solve every problem. Trust documents can vary in length and detail based on your specific needs and circumstances. It's important to work with a knowledgeable estate planning attorney to ensure your assets are properly protected. Contact me at Wirth Law Office for more information on trusts and estate planning. Katrina Lucas, Tulsa, Oklahoma. Read more »
Protect Your License: What Happens When OMMA Files a Petition for Revocation?
Hey, OMMA-licensed business owners. I’m Katrina Lucas, and I’m a Tulsa medical marijuana attorney with Wirth Law Office. Let’s talk about litigation and how much it costs to defend your license from an OMMA revocation. A revocation will come through as a finding, a fee issue, or some other violation, and it will arrive as a petition from OMMA. It will go before an administrative law court, and we’ll go through all the typical phases of litigation. We’re going to go through discovery, motions, and communication patterns. This isn’t as in-depth of a procedure as you would see in civil litigation—it's more akin to a criminal situation where we’re going to ask discovery questions but not fight about them as much. Anyone who’s done normal litigation knows that discovery can be one of the slowest and most expensive parts of the process. Read more »
Senate Bill 697: Oklahoma's New MMJ Distribution Hub Law Explained
Are you an Oklahoma medical marijuana licensed business looking to stay up-to-date on the latest legislation? Tulsa medical marijuana attorney Katrina Lucas from Wirth Law Office has some insights on Senate Bill 697 and its potential impact on commercial transporters. The bill allows for warehouse locations to operate as distributor hubs, streamlining the logistics of trafficking rules. Katrina is excited about the possibilities this bill presents but is still waiting on specifics regarding costs and regulations. Stay tuned for more updates on this evolving legislation. For all your medical marijuana legal needs in Tulsa, trust Katrina Lucas at Wirth Law Office. Stay safe, stay legal. Read more »
Growers Using Wells: How SB 133 Will Restrict Your Groundwater Use
Hey, Oklahoma medical marijuana business owners. Those of you who are using groundwater, like wells, or are in rural counties that have groundwater rights—this bill, Senate Bill 133, is going to require businesses that have an OMMA license to submit that license to the Oklahoma Water Resources Board in order to use that water for their grow. This is an overextension. This is not something that is normal. It is not something that I expected to see. This would create violations if you didn’t submit it to the Oklahoma Rural Water Board. It could also create other issues with the Oklahoma Water Board because this usually involves water usage and EPA-type rules. This rule could spiral into some other challenges. Right now, it is just a submittal requirement, but the approval or acknowledgment process—and how it’s documented—is still left up in the air, which is, of course, never fun for any OMMA business. If you are using underground water, be aware of this rule. If it does pass, I’ll let you know. This is Katrina Lucas with Wirth Law Office in Tulsa, Oklahoma. Stay safe, stay legal. Read more »