New Owners Must Meet All OMMA Requirements
Video Transcribed: How do you change ownership of medical marijuana license? I am Tulsa medical marijuana business attorney Ope Adegbuyi.
A commercial licensee can transfer ownership of their license using the change of ownership process. New owners must meet all requirements of the OMMA commercial license application. The current license owner must initiate the ownership change process on the 10-tier process licensing portal.
After the transfer is complete, the new owner can contact OMMA to remove the former owner’s administrative privileges in the licensing portal.
OMMA processes applications to transfer ownership, change a location, or change a business name within 90 business days. So basically that means if you’re selling your license, or transferring ownership to someone else, then you have to go through the change of ownership application process.
The current owner would input the information for the new owner. And once that’s done, the new owner can call OMMA to change all the login information.
If you need help with that or for more information from an Oklahoma marijuana commercial license transfer lawyer, you can contact me at OklahomaMedicalMarijuana.Attorney.