Understanding the Changes
With the new rule going into effect on November 1st, it’s important for cannabis business owners to understand the impact of the increased fees for ownership change requests. Previously, these requests were considered a material change and cost $500. However, under the new rules, the fee will be the same as the application fee, starting at $2,500.
These changes are significant for businesses looking to make ownership changes or transfer licenses. It’s crucial to be aware of the increased costs and plan accordingly to avoid any financial surprises.
Planning Ahead
If you have any ownership changes pending or are considering transferring licenses, it’s recommended to take action before November 1st to avoid the higher fees. By acting proactively, you can save your business money and streamline the process of making ownership changes.
Contact Us for a Consultation
If you have any questions or need assistance with ownership changes in your cannabis business, don’t hesitate to reach out to us at OK Cannabis Law Office. We offer affordable consultations to help you navigate the changing regulations and fees. Contact us today at 918-932-2879 to schedule your consultation and ensure compliance with the new rules.