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Navigating Licensing and Legal...Oklahoma's medical marijuana industry got to the top very fast after the approval of a law that allows it to function. So the market started to attract the people such as entrepreneurs, cultivators, and healthcare professionals, who would like to be part of this radiant but closely controlled market. Nevertheless, the success of this field is not only dependent on passion and the amount of money you have but also on the knowledge of the state's complex licensing and regulatory framework. It is a must, from an OMMA license to a sleazy agency like the Oklahoma Bureau of Narcotics and Dangerous Drugs Control (OBNDD), every step demanding accuracy and law awareness. In this kind of changing environment, knowing how to get through the rules and when to get professional legal help can be what separates you from the great success of the industry and getting a big setback gone by with costly losses.
It is easier to get a grip on the concept of what attorneys can do for you if you first understand the licensing landscape.
Just to illustrate, a dispensary is required to have a state permit and on top of that, it has to make sure that local zoning is in compliance and it is keeping very detailed records of its inventory from seed to sale. Wirth Law Office - Oklahoma City+1
The changes in the laws and regulations around the industry create a risk that the business may not comply with the requirements which may result in a range of penalties including fines, license suspension or revocation, and legal disputes.
Just imagine a scenario where you are operating or planning to establish your business in the medical cannabis industry, which is known for its strict regulations. In such a situation, attorneys not only draft contracts but also provide various other services. Their work usually falls under several major functions:
Attorneys help clients to find out which licenses would be necessary (or available) for them with regard to their business goals, location, and business model. In Oklahoma, you could, for instance, apply for a cultivation license, a processing license, or a retail/dispensary license (among others). There are some companies that take clients through OMMA license applications, thereby making sure they fulfill the criteria for the submissions.
Some of the tasks they will do to support you include:
The primary issue after licenses are secured is the challenge of compliance all the way. Attorneys, in many cases, take up the role of compliance advisors who, in their efforts to help clients, do the following:
In fact, this sort of preventive work might be the dividing line between running successfully without breaks and having regulatory enforcement that aims at your enterprise.
Practices in the cannabis industry continue to be businesses; lawyers are involved in the basic legal documentation of these businesses. Some of the work include:
In such cases, the services of a lawyer can be:
The fact is that no matter how long the operator has been in charge, lawyers will still be your first line of support when the business is going through changes, expansion, or merge.
I am not listing, or comparing specific, attorneys, or firms; however, I will share with you the general practices and questions one should consider when working with a lawyer in this field.
To successfully run a business in the healthcare sector or marijuana industry, a blend of business savvy and regulatory compliance is necessary. Lawyers are at the core of the action for everything ranging from getting a license, meeting the requirements, drafting contracts, providing legal defense, and business expansion. In case you aim at obtaining a license from the OMMA, working with a lawyer will definitely make the process easier for you, ensure that you are following the rules and prepare you for any other changes that may occur.