As a state that only allows medical cannabis use, Oklahoma has relatively strict dispensary regulations. The first step in becoming an authorized Oklahoma dispensary is to apply for a license with OMMA. After receiving this license, your business will be able to obtain cannabis and other products from a licensed grower or processor.
Sale of cannabis products are limited to the licensed party and/or their caregiver. You are also authorized to sell cannabis products to a licensed commercial transporter. The license must be renewed every 12 months. All sales are subject to excise tax, as well as a general sales tax.
If you need further clarification on payment processing laws in the state of Oklahoma, contact a Paybotic representative today.
Being successful in the medical cannabis industry requires navigating complex state regulations. Partnering with an experienced ISO like Paybotic is the most effective means of safely and securely conducting business within the state.
Paybotic provides tailor made payment processing solutions to meet the unique demands of your business. Our solutions include:
The best part about Paybotic is that we are a responsive, customer-oriented payment processing service. We approve virtually every application within 48 hours, allowing you to get to work growing your business!
If you are interested in partnering with Paybotic, contact us at the link below today!