Individual and Business Licensing
Licenses for both Oklahoma medical marijuana patients and businesses are obtained through a straight forward application process. The applications are easily accessible on the OMMA page of the Oklahoma government website. It costs $200 for an individual to apply for a medical marijuana license, and only $20 to apply for those on Medicare and Medicaid.
To apply for dispensary, commercial growing, or processing permits, one must pay an application fee of $2,500. The requirements for obtaining these three business licenses are the same:
- Applicants must be 25 or older
- Applicants applying as an individual must show residency in the state of Oklahoma
- All applying members, managers and board members are Oklahoma residents
- An applicant can show ownership of non-Oklahoma residents, but that percentage of ownership cannot exceed 25%
- Applicants must be registered to conduct business in Oklahoma
- Applicants must disclose all ownership
- Applicants with nonviolent felony convictions in the last two (2) years, or applicants with any other felony conviction in five (5) years, inmates or anybody currently incarcerated is not qualified for a license.
In addition to these requirements, retailers must submit monthly reports to the Department of Health to keep track of weight sold, revenue and taxes. Commercial growers are restricted to only selling cannabis wholesale to licensed retailers. Growers will also submit monthly reports, detailing monthly yields, amount harvested in pounds, drying or dried marijuana on hand, amount sold to processors, amount of waste in pounds and more. However, there is no limit on the amount of cannabis a licensed grower can grow.
Processors are no different, and much submit a monthly report detailing the amount of marijuana purchased, amount of waste and wholesale sales to the Oklahoma Department of Health.
Oklahoma Medical Marijuana Applications
As of December 2018, over 22,000 people have been approved for personal Oklahoma medical marijuana licenses, 785 dispensaries have been licensed, and there are more than 1,200 licensed commercial growers and 270 licensed processors in the state. It hasn’t even been a year since Question 788 was approved, and Oklahoma is already kickstarting its medical marijuana industry.
Growers are pumping out close to 50 pounds a month already thanks to the regulation’s strict deadlines included by the people of Oklahoma that forced the state to accept applications within 60 days of Question 788’s passing. The state has already brought in $7.5 million from registration fees, and now that dispensaries have opened, the 7% sales tax will begin getting collected for additional revenue.