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how do commercial medical marijuana growers get seeds in oklahoma

How do commercial medical marijuana growers get seeds in oklahoma

The Information You Need To Know

By Joshua C. Smith

There are basically four types of business marijuana licenses in Oklahoma:

A medical marijuana grower license allows a business to legally grow marijuana for medical purposes in Oklahoma. Licensed growers can sell to licensed processors and licensed dispensaries only. Grower licenses will be in the form of a license certificate. Licensed growers must comply with Title 63 O.S. § 420 et seq. and the Oklahoma Administrative Code (OAC) 310:681.

A medical marijuana processor license allows a business to legally process marijuana for medical purposes in Oklahoma. Licensed processors can sell to licensed dispensaries and other licensed processors. Licensed processors may also process marijuana into a concentrated form for a patient license holder for a fee. Processor licenses will be in the form of a license certificate. Licensed processors must comply with Title 63 O.S. § 420 et seq. and the Oklahoma Administrative Code (OAC) 310:681.

A medical marijuana dispensary license allows a business to legally sell medical marijuana and medical marijuana products, including mature plants and seedlings. Licensed dispensaries can only sell to patient license holders, caregiver license holders, research license holders, and the parent or legal guardian named on a minor patient’s license. Dispensaries engaging in unlawful sales may be fined, or their licenses may be revoked. Dispensary staff may validate licenses using the OMMA verification system, which will be available in early September. Staff may also validate the purchaser’s identity. Dispensary licenses will be in the form of a license certificate. Licensed dispensaries must comply with Title 63 O.S. § 420 et seq. and the Oklahoma Administrative Code (OAC) 310:681.

A medical marijuana transportation license will be provided with an approved grower, processor, or dispensary license. A transportation license is in the form of a notation on the grower, processor, or dispensary license and allows an individual/entity to legally transport medical marijuana with a copy of the license.

Licensed transporters can legally transport medical marijuana from a licensed grower, licensed processor, or licensed dispensary to a licensed grower, licensed processor, licensed dispensary, or licensed researcher. Licensed transporters must comply with Title 63 O.S. § 420 et seq. and the Oklahoma Administrative Code (OAC) 310:681.

“It is crucial that you seek quality legal assistance to ensure you comply with all state regulations “

The basic requirements to apply:

Applicants must be 25 or older.

Individual applicants must be Oklahoma residents.

Members, managers, and board members of entity applicants must all be Oklahoma residents.

Entities must show that at least 75% ownership held by an Oklahoma resident.

All owners and officers must provide a background check; nonviolent felony convictions in the last two years and any other felony conviction in the last five years for any owner will disqualify the applicant.

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Unless the business entity is a Sole Proprietorship or General Partnership, the applying entity must submit a copy of the Oklahoma Secretary of State’s certificate of good standing document. For more information, visit the Oklahoma Secretary of State at www.sos.ok.gov.

Dispensaries must provide proof that they are not within 1,000 feet of any entrance to any public or private school.

How do commercial medical marijuana growers get seeds in oklahoma

If you’re one of the entrepreneur business owners taking advantage of the new marijuana industry in Oklahoma, it is important to understand the insurance surrounding these products before you launch your business. Not all insurance companies will write insurance on these products, but fortunately, Insurance Professionals of Oklahoma has partnered with several who do offer insurance for dispensaries, marijuana infused product sales and cultivation or grow operations.

Believe it or not, most insurance coverages offered for the marijuana industry are the same as coverages offered for other businesses. It is just finding the right coverage at the right price for your business that can be tricky. Some of the insurance offered by Insurance Professionals of Oklahoma for the marijuana industry include:

General Liability: This coverage provides liability protection of up to $5 million and will protect your business from injury or other damages that may occur. This would be a minimal requirement for your business to carry, but limits less than $5 million are available.

Property Insurance: Protecting your marijuana store, farm or warehouse from fire, theft, vandalism or other losses including natural disasters is important. Consider this: Would you be able to survive financially if your property experienced a large fire loss or inventory was lost or damaged? Probably not. Purchasing property insurance for your marijuana dispensary, storefront or warehouse is going to be important.

Medicine Coverage: Coverage is available to protect your marijuana shop from theft or other loss. Consider this coverage inventory coverage. This coverage can also protect your product while in transit from a cultivation facility to where you store or dispensary.

Business Income/Extra Expense Coverage: This coverage protects your business from income interruption. Essentially, if your business was interrupted by a fire or other covered loss, this coverage could help pay your income while you transition or get back on your feet with a new location or rebuild your building if a fire occurred.

Product Liability: If your store carries edible marijuana products, vaporizing tools, smoking devices and dispensaries for medical purposes product liability would cover these items in the event you suffer a covered loss such as a fire at your facility. Additionally, product liability is meant to protect you from lawsuit from selling a product that someone had a negative reaction to. In this newly emerging marijuana industry, this is critically important to understand and be covered for. Included with this coverage is the cost to defend (attorney’s fees).

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Marijuana Plant Coverage (Marijuana Crop Insurance): Your marijuana plants are expensive and cultivation activities are time consuming. Don’t be out of business if a loss occurs to at your cultivation center. We offer insurance coverage for not only the buildings, but also your plants! Marijuana Crop Insurance Coverage for your plants is available from the time it is seeds to the time it is harvested, dried and ready for sale. Protect your crops of marijuana with a great insurance policy from our Oklahoma insurance agency.

Medical or Recreational Marijuana Insurance in Oklahoma

So, regardless of whether you’re producing recreational marijuana edibles, edible marijuana infused products, sodas, oils, capsules or simple selling marijuana itself, you need to protect yourself from loss and lawsuit. Losses to the marijuana industry can range from lightning to theft, fire, hail, windstorms or water damage. You’ve worked hard to establish yourself in this business, so protect yourself with marijuana insurance in Oklahoma by calling Insurance Professionals of Oklahoma!

Green Gold Rush: Medical marijuana industry booming in Oklahoma

TULSA, Okla. — Cannabis is consuming the Sooner State as it appears Oklahomans can’t get enough of the stuff.

Hundreds of thousands hold medical marijuana cards, and business is booming trying to keep up with demand.

“I had no idea,” OK4U Approved Executive Director Chip Paul said.

OK4U Approved is an organization that promotes marijuana as a medical alternative to conventional pharmaceuticals.

“I don’t think anybody could’ve foreseen the success of the program,” he said.

The budding billion-dollar business was once thought impossible in Oklahoma.

“The growth in the medical marijuana industry has surpassed pretty much anyone’s expectations,” Dr. Kelly Williams, Oklahoma Medical Marijuana Authority interim director, said.

The OMMA oversees the medical marijuana program in the state.

The state and retailers told 2 Works for You they anticipated 80,000 patient licenses in year one. However, in 2019, the OMMA issued 190,000 cards and, as of today, it’s issued almost 400,000 cards.

“I don’t see any indicators on my end that anything is about to slow down,” Dr. Williams said.

The blossoming industry generated $800,000 in sales in 2020.

Paul drafted State Question 788, the law Oklahomans voted for in 2018 to legalize medical cannabis. Paul said the market will surpass the billion-dollar mark this year.

“We will absolutely have the best medical marijuana program in the country,” he said.

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According to the OMMA, over 2,000 dispensaries are licensed to sell in Oklahoma. That’s more than in any other state.

“If you drive around town or anywhere in the state, you’re going to see a lot of dispensaries,” Taras Filenko, CEO of Seed Cannabis Co., said.

Nationally, Moore, Okla. and Edmond, Okla. rank in the top ten among cities with the most dispensaries per capita. Tulsa is ranked 17th.

An open opportunity two years ago is now a cutthroat competition.

“Eventually, at some point, we’re not all going to be here,” Filenko said. “May the best group win.”

Filenko opened his dispensary near 6th St. and Peoria in Feburary 2019. Seed just opened its third location. Three cannabis stores in a sea of almost 500 in Tulsa County.

“We’re not all going to survive,” Filenko said. “We hope to be one of the survivors.”

Dispensaries come in all shapes and sizes like the buds they sell. Seed isn’t the largest dispensary in Oklahoma, but it holds solid ground in Green Country.

In Sand Springs, OK, Harvest Health Dispensary is a family-owned operation that grows, cultivates, and sells its cannabis all by itself.

“That’s what we’re all about,” Tony Rodriguez, owner of Harvest Health Dispensary, said. “A very family-oriented company.”

Rodriguez, his wife Lana, and son Dalton opened the dispensary two years ago. The trio raise the plant from soil to shelf with help from some planters and tenders.

The family operation has three flower rooms, which is half as many as the grower used by Seed Cannabis Co.

The Rodriguez family’s smaller scale can’t match the larger competition. So, in order to stand out in the crowded cannabis industry, Rodriguez remembers why he joined the fray in the first place.

He told 2 Works for You, a close family member suffers seizures and cannabis tames the episodes.

“We put her on that and it was just a huge change in her total demeanor,” Rodriguez said.

He calls his dispensary an organic pharmacy, first. His goal is to improve the lives of his patients.

“It’s not about selling it. It’s about what the customer actually needs to overcome whatever deficiencies they have in life,” Rodriguez said.

Paul said he wrote the medical marijuana legislation to allow for a free marketplace. There is no cap on retailers and the cost to start is lower in Oklahoma than any other state.

In the Sooner State, it costs $2,500 for a business license. In comparison, Colorado dispensaries need to fork over $4,000 for a license. In neighboring Arkansas, the price is $100,000.