Oklahoma Plant License Agreement

State:
Multi-State
Control #:
US-0988BG
Format:
Word; 
Rich Text
Instant download

Description

A license is a contractual right that gives someone permission to do a certain activity or to use certain property owned by someone else. Licensing agreement is an agreement between two enterprises allowing one to sell the other's property such as products or services and to use their name, sales literature, trademarks, copyrights, etc. in a limited manner.
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FAQ

There is only one type of grow license currently for the state of Oklahomaa medical marijuana grower license.

At least 75 percent of the ownership of entities must be by Oklahoma residents. The license application fee for growers, processors, and dispensaries is $2,500.

Currently, Oklahoma law allows a patient card holder to have six mature plants and six immature plants. A mature plant is defined as one that is producing flower.

Contrary to most other highly regulated cannabis markets, in Oklahoma there are no caps on how many plants you can grow and no limit to how many grows or dispensaries the state can handle.

Those possessing a state-issued license may possess the following: up to eight ounces of marijuana in their residence; up to one ounce of concentrated marijuana; up to 72 ounces of edible marijuana; up to six mature marijuana plants; up to six seedling plants; and up to three ounces of marijuana on their person.

Vegetable and Flower PlantsMust have Oklahoma Department of Agriculture license 2022 Fresh Cut flowers do not require a license but must be grown in Oklahoma.

As written, the Bill requires a dispensary or processor license-holder to have a minimum of $5,000.00 monthly average gross sales for a 12-month period. For holders of a commercial grower license, they must have a minimum of 50 marijuana plants under cultivation each month, averaged for a 12-month period.

The timeline for OMMA review of business applications and renewals will be 90 business days. If an application is rejected for failure to provide required information, applicants will have 30 calendar days to submit the required information for reconsideration or the application will expire.

Licensed growers are now allowed to sell seeds, flowers, and clones to other licensed growers, and licensed dispensaries can now sell to other licensed dispensaries.

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Oklahoma Plant License Agreement