Three Oklahoma attorneys are accused of enlisting state residents to pose as “ghost owners” of medical marijuana businesses from out-of-state. The practice, according to state drug investigators, has galvanized black-market drug production in Oklahoma.
The Oklahoma Bureau of Narcotics has accused Eric Brown and Logan Jones of the Oklahoma City-based Jones Brown firm, and Matt Stacy of Stacy Legal Group in Yukon of orchestrating so-called “ghost owners” license deals.
“We believe this ‘ghost’ ownership fraudulent structure and documentation is the number one reason Oklahoma now leads the nation in black market marijuana,” said Mark Woodward of OBN.
Oklahoma marijuana businesses are required to be 75% owned by in-state residents to be licensed. The OBN is investigating “well over a thousand, if not close to two thousand” marijuana growers that may have obtained licenses despite the in-state owner having no actual role with the company.
There are 7,400 licensed growers in the state, according to the Oklahoma Medical Marijuana Authority.
“Almost 25% of the farms that are operating in Oklahoma are potentially operating under the same fraudulent business scheme,” Woodward said.
http://www.newson6.com/story/63520e...rter-of-oklahoma-medical-marijuana-businesses
The Oklahoma Bureau of Narcotics has accused Eric Brown and Logan Jones of the Oklahoma City-based Jones Brown firm, and Matt Stacy of Stacy Legal Group in Yukon of orchestrating so-called “ghost owners” license deals.
“We believe this ‘ghost’ ownership fraudulent structure and documentation is the number one reason Oklahoma now leads the nation in black market marijuana,” said Mark Woodward of OBN.
Oklahoma marijuana businesses are required to be 75% owned by in-state residents to be licensed. The OBN is investigating “well over a thousand, if not close to two thousand” marijuana growers that may have obtained licenses despite the in-state owner having no actual role with the company.
There are 7,400 licensed growers in the state, according to the Oklahoma Medical Marijuana Authority.
“Almost 25% of the farms that are operating in Oklahoma are potentially operating under the same fraudulent business scheme,” Woodward said.
http://www.newson6.com/story/63520e...rter-of-oklahoma-medical-marijuana-businesses