Marijuana businesses throughout the state must steer a complicated regulatory landscape to make sure their operations are legal and secure. Failing to do so could lead to the Oklahoma Medical Marijuana Authority (OMMA) shutting the doors. If you want to remain compliant as an Oklahoma marijuana business, focus on these key areas.
Licensing and Permitting
Any business needs the proper license and permits. In almost all cases, the Oklahoma Medical Marijuana Authority (OMMA) oversees this process. You will apply through the OMMA and follow its regulations.
You must also register your business with the Oklahoma Secretary of State. At this time, the state is not accepting new applications until 2026. However, you can always renew an existing license with the OMMA.
Zoning and Land Use
For marijuana businesses, there are specific zoning requirements. Some cities and municipalities have their own regulations, so you will need to be mindful of those rules.
On the state side, Oklahoma law requires these businesses to be 1,000 feet away from a school zone. Knowing these regulations can help ensure your store or other operation facility adheres to the law.
Regulatory Compliance
If you want to remain compliant as an Oklahoma marijuana business, you need to stay aware of the changing laws. The OMMA sets the rules and regulations for all medical marijuana cultivation, processing, distribution, and dispensary operations.
Packaging and Labeling
Oklahoma’s cannabis labeling and packaging regulations are designed to protect public health and safety. All marijuana products must be labeled with accurate information. Your products need to have data about the potency and potential allergens. Along with that, the producer’s license number should be displayed on the package.
Additionally, packaging must be child resistant. Failing to comply with these regulations can result in hefty fines. Sometimes, it can lead to the revocation of a business license.
Security
Oklahoma regulations mandate strict security measures to protect against theft and unauthorized access. Your business must have reliable surveillance systems, alarm systems, and secure storage for cannabis products. Failing to meet these requirements can lead to severe consequences, including losing your business license.
Record-Keeping and Reporting
If you want to remain compliant as an Oklahoma marijuana business, you need to start keeping track of your books and records. All companies must maintain inventory, sales, and financial transaction records. The OMMA will perform regulatory audits of your books. If there are any inconsistencies or inaccuracies, that can cause compliance issues.
Taxation and Financial Compliance
Marijuana businesses in Oklahoma face many tax challenges. Most of this is attributed to the federal government’s classification of cannabis as a controlled substance. Section 280E of the Internal Revenue Code restricts deducting many ordinary business expenses. For that reason, these businesses must carefully navigate tax laws to minimize any liability while remaining compliant.
We Can Help You Remain Compliant as an Oklahoma Marijuana Business
Non-compliance can lead to fines, penalties, license revocation, and criminal charges. As Oklahoma’s cannabis industry expands, you will want to adhere to these regulations. By staying compliant, you can ensure the long-term viability and success of your marijuana business in the state.
If you want to learn more about staying compliant in Oklahoma, please schedule a consultation with Brune Law Firm. Call (918) 238-7580 to set up an appointment with our legal team.