Legal Limit Dispensary Oklahoma

A pharmacy is subject to penalties for non-patient sales and/or glaring discrepancies in inventory tracking that cannot be explained. The first offence carries a fee of $5,000 and a second offence (within two years) results in the revocation of the licence. Learn more about running a compliant pharmacy in Oklahoma. 310:681-5-7. (a) The tax on the sale of marijuana for medical purposes by a pharmacy is set at seven percent (7%) of the gross amount received by the pharmacy for the sale of marijuana for medical purposes or marijuana products for medical purposes. This tax is collected by the pharmacy from the client, who must be a licensed medical marijuana patient or caregiver. The above restrictions also apply to possession of marijuana. This means that legal patients in Oklahoma are not allowed to possess more than the amounts of cannabis listed above at any given time. Oklahoma`s cannabis business licenses are of three types: grower, processor, and retailer (or medical marijuana dispensary). To obtain a license, you must be 25 years old, a resident of Oklahoma, and have a state clearance certificate. If you meet these requirements, you can apply for a fee of $2,500.

(b) A dispensary must possess or obtain an Oklahoma sales tax permit from the Oklahoma Tax Commission in accordance with SAC 710:65-19-216. Pharmacies have until August 24, 2022 to legally sell or dispose of unlabeled medical marijuana products in their inventory. There are exceptions for persons under 18 years of age and non-residents. For younger patients, their application must be signed by two Oklahoma board-certified physicians and a parent or guardian. A parent or guardian must pick up medical marijuana from the pharmacy for younger patients. Under Oklahoma`s dispensary law, the Oklahoma Medical Marijuana Authority (OMMA) is responsible for licensing, a process that began in August 2018. Since then, the Oklahoma market has grown to become one of the largest, most dynamic, and most valuable in the country. Sooner State issued more than 7,300 medical marijuana commercial licenses in the first year alone, including more than 1,800 dispensary licenses, and more than 5 percent of the state`s population is registered as medical marijuana patients — more than any other program in the United States. Oklahoma has one of the largest markets for medical marijuana dispensaries in the country, and Metrc will make cannabis operations more compliant and safer. Although the implementation of Metrc was delayed earlier this year, pharmacies are urging OMMA to move forward as it will help combat the growth of illicit marijuana businesses that are still thriving.

Take the new Metrc Business System training with your specific Metrc account number. Learn more about next steps on the WMO website. The deadline for all licensees to fully comply with the Metrc is May 26, 2022. Pharmacies have until Aug. 24 to legally sell or dispose of unlabeled items that were in the pharmacy`s inventory on May 26. Oklahoma`s cannabis laws have changed a lot since voters approved Oklahoma State Question 788 in 2018, which legalizes medical cannabis in the state. Reports and payments of gross sales, taxes levied, and taxes due must be sent to the Oklahoma Tax Commission monthly (no later than the 20th of the following month). Note: This will no longer be relevant once Metrc goes live in Oklahoma. There is no limit to the number of licenses an entity or individual can apply for and receive. Each pharmacy must have a separate licence.

If an entity has multiple licenses, it must be registered with the NDO under a special status. At Cova, we`re on the cutting edge of cannabis compliance so you can focus on what`s really important: your store and your customers. Our automated cannabis point-of-sale compliance includes ID scanners, purchase limit alerts, compliant product labeling and receipts, and a one-click report exporter in Oklahoma. In order to determine that a commercial applicant meets the requirements of 63 O.S. § 420A et seq., the following documents must be attached to each application: (1) A list of all persons and/or organizations that have an exclusive interest in the commercial applicant; (2) a certificate of good reputy, if any, issued by the Oklahoma Secretary of State; (3) An affidavit of legal presence for each owner; (4) In the case of a licensed pharmacy, proof that the location of the pharmacy is at least one thousand (1,000) feet from a public or private school. The indicated distance is measured in a straight line from each entrance to a public and private school at the point closest to the pharmacy location; and (5) documents showing that the applicant and, if applicable, the members, managers and directors and seventy-five percent (75%) of the commercial applicant`s interest are residents of Oklahoma as set forth in 63 O.S. § 420A et seq. and SAC 310:681-1-6 (with respect to proof of residence); and (6) any other documentation determined by the Department is necessary to ensure that the commercial applicant is qualified under sections 63 O.S. § 420A et seq. and this chapter to obtain a business license.

Yes, the Cova Dispensary POS software suite allows you to generate and send the required reports to OMMA with a single click, virtually eliminating the risk of compliance errors due to human error. Cava`s system will also automate compliance in other ways by providing instant age verification and monitoring of purchase limits. Note: Oklahoma purchase limits are per transaction, not daily or monthly. (c) Reports and payments of gross sales, taxes collected, and taxes due shall be submitted monthly by each dispensary to the Oklahoma Tax Commission. 310:681-5-12. Restrictions on Marijuana-Related Transactions (a) A single transaction conducted by a pharmacy with a patient, parent or guardian if the patient is under the age of eighteen (18), or if the caregiver is limited to three (3) ounces of marijuana, one (1) ounce of marijuana concentrate, seventy-two (72) ounces of marijuana edibles for medical purposes, six (6) mature plants and/or six (6) seedlings. Only medical patients (or their caregivers) with a valid medical marijuana patient license can purchase products at a dispensary in Oklahoma. Pharmacies can verify a patient or caregiver through a physical identification of medical marijuana or the state database. Disclaimer: The content of this website and any pages attached or referenced has been compiled by Flowhub for informational purposes only.

It is not intended and is not considered legal advice. This article is currently dated 28.04.2022. Cannabis regulations are evolving rapidly, and legal advice of any kind should be obtained from legal counsel. Oklahoma has only legalized medical marijuana. The recreational use of cannabis is not legal. With the passage of SQ 788 in June 2018, Oklahoma became the 30th U.S. state to legalize medical marijuana. Oklahoma residents over the age of 18 with a valid doctor`s referral may apply for a medical marijuana patient license.