Understanding Conflict of Interest in the Medical Marijuana Industry
Hello, this is Tulsa Cannabis Business Attorney Jesse Kovacs with the OK Cannabis Law Office. Today we’re asking, if I’m the beneficial owner of a dispensary, a processor, or a grow, can I be the owner of a laboratory? The answer to that question is no. That would present a conflict of interest and is precluded by OMMA rules.
It’s important to understand the reasoning behind these rules. Having ownership in multiple types of businesses within the medical marijuana industry could potentially lead to biased testing results or unfair advantages in the market. By preventing conflicts of interest, we ensure a fair and transparent industry for all participants.
Consult with a Knowledgeable Cannabis Attorney
If you have any questions or concerns about conflict of interest issues in the medical marijuana industry, don’t hesitate to reach out to a knowledgeable cannabis attorney. I offer low-cost consultations to help you navigate the complex regulations and avoid potential pitfalls. Contact the Oklahoma medical marijuana lawyer at 918-932-2879 to schedule your consultation today.