Oklahoma Cannabis Licenses

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Oklahoma Cannabis Licenses

Oklahoma Legalized Medical Marijuana Apply For Your Cannabis License

Oklahoma became the 30th state to legalize medical marijuana for adults 18 years and older. The state’s measure is unique in that it does not list qualifying conditions for an individual to obtain a medical marijuana license, as compared to other states, which will make it easier for people to use cannabis for medical purposes. In turn this also makes acquiring an Oklahoma cannabis license much easier than originally planned for. Oklahoma has a big hole to fill because the demand for medical marijuana, with 56% of the population supporting the new law, will be high. This is a rare opportunity for individuals and businesses because they have an opportunity to become established from the ground up very early on. As of right now, Oklahoma is finalizing the licensing information and application requirements for those who wish to open a new marijuana business. The final details will be made available to the public by July 26, 2018, and the Oklahoma Medical Marijuana Authority will begin accepting applications no later than August 25, 2018.
Do You Need Help With Cannabis Consulting Services in Oklahoma?
Our staff of in-house cannabis consultants can help you with your cannabis related business in Oklahoma. Whether it be startup services, facility design-build, real estate, marketing and branding, or compliance we can help. Schedule a consultation today to get started.

Types of Cannabis Licenses in Oklahoma

According to the text of State Question 788, there will be three license categories available for new businesses:

Medical Marijuana Dispensary License – a licensed medical marijuana retailer may conduct retail sales of marijuana, or marijuana derivatives in the form provided by licensed processors, and those products can only be sold to a medical marijuana license holder or their caregiver. Commercial Grower License – a licensed commercial grower may sell marijuana to a licensed retailer, or a licensed packager. Further, these sales will be considered wholesale sales and not subject to taxation. Under no circumstances may a licensed commercial grower sell marijuana directly to a medical marijuana license holder. A licensed commercial grower may only sell at the wholesale level to a licensed retailer or a licensed processor. Medical Marijuana Processing License – a licensed processor may take marijuana plants and distill or process these plants into concentrates, edibles, and other forms for consumption. A licensed processor may sell marijuana products it creates to a licensed retailer, or any other licensed processor. Further, these sales will be considered wholesale sales and not subject to taxation. Under no circumstances may a licensed processor sell marijuana, or any marijuana product, directly to a medical marijuana license holder. However, a licensed processor may process cannabis, into a concentrated form, for a medical license holder, for a fee. The application fee for each of these licenses is $2500, and the applicant must show proof of Oklahoma residency and be 25 years of age or older. Additionally, all applying entities must show that all members, managers, and board members are Oklahoma residents. An applying entity may also show ownership of non-Oklahoma residents, but that percentage ownership may not exceed 25%. Schedule a call with us at Higher Yields Consulting to navigate through Oklahoma’s medical marijuana regulations.
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Whether you already own a cannabusiness or want to get into the business we can help.

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Higher Yields Cannabis Consulting

Higher Yields Cannabis Consulting

Higher Yields Consulting is a Marijuana Consulting Group comprised of industry experts with decades of combined experience in the legal industry. Whether you are looking to get into the business or already have a license we can help your business succeed. Call (844) HI-YIELD to schedule an initial consultation.

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New York Cannabis Licenses

new york cannabis licensing

New York Cannabis Licenses

Legal Cannabis Is On The Horizon in New York. Here’s What You Need To Know

 

New York was late to the game when it legalized medical marijuana in 2014, and they are now feeling the pressure as other states along the east coast have either already legalized recreational use, or are heavily considering it.

Prospects look positive as state officials seem to be reversing their positions from seeing cannabis as a gateway drug, to something that will generate revenue for the state and decrease costs in their criminal justice system.

As of right now, The Marihuana Regulation and Tax Act – New York Senate Bill S3040A – is sitting in the state legislature under financial review. Similarly, NY Governor Andrew Cuomo, who was only until recently a staunch opponent of cannabis legislation, announced a study led by the New York Health Department to determine the reality of legalizing in the state.

Cleary, New York is outnumbered by many of its neighbors, including Canada, who already see the marijuana regulation as a net positive.

And, with a population that is tired of the illegality of cannabis and ready for a recreational model, it seems pretty clear that New Yorkers will soon be able to indulge in the fastest growing industry in the United States.

When New York legalizes recreational use, it will be huge opportunity for businesses to establish a foothold in the industry. There are steps you can take right now to be the most prepared for when the new law goes into affect.

Some of these next steps are to create a corporate structure, develop a business plan, and create an economic development plan, which includes working with local municipalities and determining the right location for your business.

The cannabis industry is complex, always evolving, and sometimes very difficult or time-consuming to navigate. At Higher Yields Consulting, we are experienced marijuana consultants providing innovative business solutions to meet all of your needs.

Whether you’re brand-new to the industry, or looking to expand, working with us will give you a competitive edge and maximize your success.

Contact us at Higher Yields Consulting to optimize your business for success. 

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Higher Yields Cannabis Consulting

Higher Yields Cannabis Consulting

Higher Yields Consulting is a Marijuana Consulting Group comprised of industry experts with decades of combined experience in the legal industry. Whether you are looking to get into the business or already have a license we can help your business succeed. Call (844) HI-YIELD to schedule a free initial consultation.

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New Jersey Cannabis Licenses

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New Jersey Cannabis Licenses

Want to Open A Recreational Cannabis Business in New Jersey?

New Jersey legalized medical marijuana in 2010, and although the state is no longer accepting applications for medical dispensaries, the state is on the cusp of legalizing “possession and personal use of small amounts of marijuana for persons age 21 and over.”

If it passes, Senate Bill 830 will make the Garden State a new front for recreational cannabis use. With estimated first-year revenues ranging from $60-300 million, New Jersey is a prime hub for establishing a new marijuana business, or expanding an existing business that operates in another state.

Although the bill is still being considered, recreational cannabis in New Jersey is inevitable and individuals and organizations that take action now will be best positioned carve out a slice of the new market.

The first step for anyone interested in retail marijuana is to become familiar with the various cannabis business licenses that will be available. According to the proposed legislation, four separate licenses will be offered.

Types of Cannabis Business Licenses that may be Offered in New Jersey

Class 1 Marijuana Cultivation Facility / Marijuana Producer License; Marijuana Product Manufacturing Facility / Marijuana Processor License: This license is for an entity that cultivates marijuana and sells to producers, to product manufacturing facilities, and to other marijuana cultivation facilities, but not to consumers. Similarly, it is also for an entity that purchases marijuana; manufactures, prepares, and packages marijuana items; and sells items to other product manufacturing facilities and to retailers, but not to consumers.

Class 2 Marijuana Wholesaler License: a person or entity who sells marijuana items or marijuana paraphernalia for the purpose of resale either to a licensed wholesaler or to a licensed retailer.

Class 3 Marijuana Retailer License: an entity licensed to purchase marijuana from cultivation facilities and marijuana items from marijuana product manufacturing facilities or wholesalers and to sell marijuana and products to consumers.

Class 4 Marijuana Transportation License: an entity licensed to transport marijuana through and within the State of New Jersey and to maintain a warehouse.

Preparing For New Jersey Cannabis Licensing Possibilities

Although New Jersey is not currently accepting applications for marijuana licensing, there are steps you can take right now to be the most prepared for when the new law goes into affect.

Some of these next steps are to create a corporate structure, develop a business plan, and create an economic development plan, which includes working with local municipalities and determining the right location for your business.

The cannabis industry is complex, always evolving, and sometimes very difficult or time-consuming to navigate. At Higher Yields Consulting, we are experienced marijuana consultants providing innovative business solutions to meet all of your needs.

Whether you’re brand-new to the industry, or looking to expand, working with us will give you a competitive edge and increase your success.

Contact us today to skyrocket your business in the cannabis space of New Jersey. 

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Higher Yields Cannabis Consulting

Higher Yields Cannabis Consulting

Higher Yields Consulting is a Marijuana Consulting Group comprised of industry experts with decades of combined experience in the legal industry. Whether you are looking to get into the business or already have a license we can help your business succeed. Call (844) HI-YIELD to schedule a free initial consultation.

The Latest from our cannabis consulting blog