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What are marijuana company ownership rules in Ohio?

Medical marijuana licenses are strictly controlled in Ohio, making the program different from others in the country. Other states saw applicants submitting great applications and gave them provisional licenses that they would then sell. Ohio is attempting to prevent that from happening here, which is why ownership rules are strictly regulated.

A dispensary holder cannot sell their license until the dispensary has been open for a year. The person who is buying a medical marijuana license in the state has to go through the same criminal background and credit check as the original applicant. This is to ensure that only quality operators own and operate licenses and continue to follow the relevant rules. Lastly, many may not know that marijuana businesses can only sell the operating license, not the provisional license. An operating license is granted once inspectors believe that the company completed its promises in the application. This means they can sell the license to open the dispensary, cultivator and processor, but not to set up shop.

Industry representatives claim the rules are in place to ensure the system remains consistent, fair and honest. Companies in the state have been accused of skirting strict rules when selling their operations to other businesses. If states decide companies have been acting improperly, they may lose their licenses.

A company that received a license has likely invested money and time into getting their business up and running. Losing their license not only means negative publicity but also losing their investment. This is why consulting an experienced attorney for guidance on how to get and maintain an operating license might be beneficial.

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The Patton Law firm, LLC

The Patton Law Firm, LLC
33595 Bainbridge Road Suite 200A
Solon, OH 44139-2981

Phone: 440-220-6398
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