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Cannabis Business Law in Oklahoma

Call (918) 876-0408 for Legal Assistance in Cannabis Business Formation

On June 26, 2018, Oklahoma voters approved the legalization of medical marijuana for qualified patients throughout the state. On July 26, 2018, the Oklahoma State Department of Health made license applications available to potential medical marijuana cultivators, processors, and dispensaries. However, those interested in entering the cannabis business face a wide range of legal issues, which is why it is imperative to seek legal services from an experienced lawyer.

At Brune Law Firm, we have more than 20 years of experience guiding our clients through the complexities of Oklahoma business law. Our Tulsa business lawyers can help ensure that your business runs smoothly and legally. We focus on business law, regulatory compliance, and even litigation to fulfill our client’s business goals.

Guidelines for Oklahoma Medical Marijuana

The Oklahoma State Department of Health offers licenses for medical marijuana growers, processors, and dispensaries. Licensed commercial growers are allowed to sell cannabis only to a licensed processor or retailer. There are no limits on how much pot a licensed grower can cultivate.

Licensed processors can take cannabis plants and process or distill these plants into edibles, concentrates, and other forms of cannabis for consumer use. These individuals may sell their manufactured products to a licensed retailer or another licensed processor.

Licensed dispensaries sell medical marijuana or other cannabis-related products provided by licensed processors. Only medical marijuana patients and caregivers can purchase products at dispensaries.

All applicants must meet the following criteria set forth by the Oklahoma State Department of Health:

  • Applicants need to be at least 25 years of age
  • Applicants and other involved parties must be Oklahoma residents
  • If ownership consists of non-state residents, they cannot exceed 25 percent ownership
  • Applicants must be registered to run a business in the state
  • Applicants must disclose ownership
  • If an applicant has been convicted of a nonviolent felony in the last two years, any other felony in the past five years, or currently in prison are not eligible for a commercial grower’s license.

Schedule a Free Consultation Today

From creating your business or exit strategy, our Tulsa cannabis business lawyer assists clients in entity formation and governance, licensing, leasing, and financing. We can ensure your business maintains full compliance with state rules and regulations, as well as expand your business if you experience significant growth. Let us help you navigate this new industry.

Contact us at (918) 876-0408 to discuss your business interests today.

Why Hire The Brune Law Firm?

  • We offer free and confidential consultations no matter what your legal matter is.
  • At the Brune Law Firm you get personalized attention with a tailored approach to your case.
  • Our attorneys have multiple years of experience successfully handling lawsuits and disputes.