Legal Medical Marijuana in Oklahoma takes due diligence and planning for success
The state of Oklahoma became the 30th state to legalize medical marijuana in August of 2018, they offer a series of licenses for cannabis businesses to support the growing, processing and retail sale of marijuana. The Oklahoma Medical Marijuana Authority is the governing body in OK and the definitive source for rules, compliance regulations, laws and protocols for diversion and reporting .
Licensees fall into three (3) very clear and concise categories for medical marijuana as follows:
Commercial Grow & Growers Operation License – commercial growers that are licensed in Oklahoma have the ability to legally seller cannabis to licensed retailer dispensaries and licensed packagers (think processors of cannabis). From a business operations standpoint, this is a wholesale exchange and does not include taxation per Oklahoma state laws. It’s important to note that licensed commercial growers may not sell cannabis directly to a medical marijuana license holder. Those businesses that are licensed commercial grow operations (indoor cultivation) are only allowed to legally sell marijuana at the wholesale level to a licensed retail dispensary and licensed marijuana processor facilities. The design of these transactions is vital to compliance and regulation of security requirements, reporting, tracking and inventory management rules.
Medical Marijuana Processing License – a cannabis processor in Oklahoma that is licensed has the ability to take cannabis marijuana plants from the commercial grower and process said plants as concentrates, shatter, dabs, edibles, tinctures, terpenes, and other forms for consumption. Any licensed processor in Oklahoma may sell marijuana products it creates to the licensed retail dispensary and/or other licensed processors. Licensed processors may also process cannabis plants, into a concentrated form, for a medical license holder, for a fee.
Oklahoma Medical Marijuana Dispensary – those that apply for an have received a medical marijuana retailer license can conduct retail sale of marijuana, or cannabis derived products (oils, tinctures, salves, terpines, etc) provided by licensed processors. It is important to note that cannabis products can only be sold to license holders.
Business Plans & Security Planning
In order for any business to be successful, it requires thorough planning and business strategy to be in place from the onset. Cannabis compliance and standard operating procedures are the foundation for maintaining cannabis facility design standards in Oklahoma and the keys to long term success. Below are key components that you may need a consultant to complete and advise upon:
- Thorough and Comprehensive Business Plans
- Legal & Documented License Applications
- Security Plans & Compliance
- Business Operations & Protocols for Compliance
- Operational Procedures
- Diversion Reporting
- Business Continuity & Disaster Recovery
Integrated security planning and programming go hand-in-hand with the architectural plans and floor plan layouts to ensure total harvest coverage from seed-to-sale. Security cameras and video surveillance, along with alarm systems and monitoring are a vital part of success in the cannabis sector. For more information on marijuana facility planning and security standards for design, call 866.867.0306