Wednesday, February 1, 2023
420 Daily Newz
  • Home
  • Popular Weed Strains
No Result
View All Result
  • Home
  • Popular Weed Strains
No Result
View All Result
420 Daily Newz
No Result
View All Result
Home 420 Daily Newz

Oklahoma Imposes Moratorium on Cannabis Business License

420 Daily Newz by 420 Daily Newz
August 13, 2022
in 420 Daily Newz
0
Oklahoma Imposes Moratorium on Cannabis Business License
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RelatedPosts

De Ushuaia Hasta La Quiaca: la Ruta 40 del Cannabis en Argentina

L.A. swindler steals millions of dollars in marijuana scams

The state of Oklahoma has declared a two-year moratorium on the processing and issuance of new medical marijuana business licenses for dispensaries, processors, and commercial growers of cannabis. The new ruling came after the bill HB 3208 of Cornwell and Paxton was passed after a state parliamentary vote. This means that during the period of the moratorium, Oklahoma will be temporarily prohibiting any applications and issuance of cannabis business licenses.

The bill is said to be put into effect on August 1, 2022 till August 1, 2024. But, according to an update from OMMA (Oklahoma Medical Marijuana Authority), which they claimed to be an interpretation error, the moratorium will begin on August 26, 2022. This moratorium is one of the measures OMMA is taking in an effort to catch up with the changing cannabis laws and activities in Oklahoma.

The moratorium is an attempt to ensure that all activities and businesses pertaining to cannabis are conducted as per the state’s regulations. Oklahoma’s flexible medical marijuana system opened windows for illicit activities for example evasion of taxes by cannabis producers. So, this moratorium gives OMMA the grace period to curb some of these activities and find ways to bring the industry into compliance.

However, dispensaries, processors and commercial growers who already have licenses are still allowed to continue with their businesses. OMMA will also continue processing licenses that were applied for before August 1, 2022. The bill shall not apply to the renewal of a medical marijuana business license. But, OMMA won’t be issuing licenses to dispensaries, processors and commercial growers who wish to change ownership or location due to a charge of business misconduct.

Oklahoma cannabis business license moratorium

Despite having a set date of beginning and end, the bill has a provision according to which the moratorium could end early. The Executive Director of the Authority may terminate the moratorium at any time before the announced ending date, if the executive director is convinced all reviews are completed and the illicit matters are handled.

The moratorium does not affect any medical cannabis patients since it is not directly targeting medical marijuana business licenses. So, it’s still possible to get medical cannabis products from the dispensary or online provided you have an Oklahoma medical marijuana card.

Questions now remain, what effects will this moratorium have on the medical cannabis industry? Will it affect the economy of Oklahoma in any way? As most people were looking up on the legalization of recreational marijuana in Oklahoma, there’s still much to think about its impact on this matter.

Also Read: New Bill Permitting Cannabis Ads on TV and Radio Gains the U.S. House’s Approval

Aayushi Mehra

Aayushi has written a lot about marketing, technology, and AI. However, her personal experience with medical cannabis brings a breath of fresh air to the content that she writes for various businesses. Since 2017, she has been marketing cannabis-related content on different platforms. Her new perspective and personal touch always inspire readers to learn more and more about cannabis. | LinkedIn

Source link

Previous Post

House Passes Bill Permitting Cannabis Ads on TV and Radio

Next Post

What You Should Know About Cannabis THC Gummies

420 Daily Newz

420 Daily Newz

Next Post
What You Should Know About Cannabis THC Gummies

What You Should Know About Cannabis THC Gummies

  • Trending
  • Comments
  • Latest
D.C. Council Approves Bill Providing Workplace Protections For Marijuana Consumers

27 Websites That Will Teach You About Growing Cannabis

August 24, 2022
How to Become a Budtender

How to Become a Budtender

November 21, 2022
5 Ways To Get Weed Smell Out Of Your Car

5 Ways To Get Weed Smell Out Of Your Car

August 24, 2022
Can CBD Help With Memory?

Can CBD Help With Memory?

August 22, 2022
Brand Review: Thrive Flower CBD – Nature’s Wellness Solution

Brand Review: Thrive Flower CBD – Nature’s Wellness Solution

0

Strain Review: Cookies & Cream from My Weed Bunny

0
5 Reasons Californians Should Keep Buying Weed with a Medical Card

5 Reasons Californians Should Keep Buying Weed with a Medical Card

0

Cannabis and Rental Properties: How to Create a Marijuana-Friendly Rental Property

0
De Ushuaia Hasta La Quiaca: la Ruta 40 del Cannabis en Argentina

De Ushuaia Hasta La Quiaca: la Ruta 40 del Cannabis en Argentina

February 1, 2023
L.A. swindler steals millions of dollars in marijuana scams

L.A. swindler steals millions of dollars in marijuana scams

February 1, 2023
What is Delta 11 THC?

What is Delta 11 THC?

February 1, 2023
The 2022 Cannabis Cup Tour Report

The 2022 Cannabis Cup Tour Report

February 1, 2023
De Ushuaia Hasta La Quiaca: la Ruta 40 del Cannabis en Argentina

De Ushuaia Hasta La Quiaca: la Ruta 40 del Cannabis en Argentina

February 1, 2023
L.A. swindler steals millions of dollars in marijuana scams

L.A. swindler steals millions of dollars in marijuana scams

February 1, 2023
What is Delta 11 THC?

What is Delta 11 THC?

February 1, 2023
The 2022 Cannabis Cup Tour Report

The 2022 Cannabis Cup Tour Report

February 1, 2023
Long-Term Study of Twins Finds No Link Between Legalization, Drug Abuse

Long-Term Study of Twins Finds No Link Between Legalization, Drug Abuse

February 1, 2023
Australia Report Reveals Potential Cannabis Legalization Plan

Australia Report Reveals Potential Cannabis Legalization Plan

February 1, 2023

Other 420 Daily Newz Related Sites:

High Yields

MJ News Daily

Recent News

De Ushuaia Hasta La Quiaca: la Ruta 40 del Cannabis en Argentina

De Ushuaia Hasta La Quiaca: la Ruta 40 del Cannabis en Argentina

February 1, 2023
L.A. swindler steals millions of dollars in marijuana scams

L.A. swindler steals millions of dollars in marijuana scams

February 1, 2023
No Result
View All Result
  • Home
  • Popular Weed Strains

© 2021 MJ News Daily

testing 123