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The Water Cooler
General Discussion
‘GHOST OWNERS’ MAY BE TIED TO QUARTER OF OKLAHOMA MEDICAL MARIJUANA BUSINESSES
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<blockquote data-quote="NationalMatch" data-source="post: 3880935" data-attributes="member: 48586"><p>Three <a href="http://www.newson6.com/storiesByEntityId/6238f1556880e45323d020b5/Oklahoma" target="_blank">Oklahoma</a> 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. </p><p></p><p>The Oklahoma Bureau of Narcotics has accused <a href="http://www.newson6.com/storiesByEntityId/624377ca6880e45323aba190/Eric%20Brown" target="_blank">Eric Brown</a> and <a href="http://www.newson6.com/storiesByEntityId/62ab96f49c108f0ccb5cf1d0/Logan%20Jones" target="_blank">Logan Jones</a> of the <a href="http://www.newson6.com/storiesByEntityId/6239a1696880e45323413775/Oklahoma%20City" target="_blank">Oklahoma City</a>-based <a href="http://www.newson6.com/storiesByEntityId/62ab96f49c108f0ccb5cf1d5/Jones%20Brown" target="_blank">Jones Brown</a> firm, and <a href="http://www.newson6.com/storiesByEntityId/62437fd76880e45323b5e714/Matt%20Stacy" target="_blank">Matt Stacy</a> of <a href="http://www.newson6.com/storiesByEntityId/63520e468d789dc74232d091/Stacy%20Legal%20Group" target="_blank">Stacy Legal Group</a> in <a href="http://www.newson6.com/storiesByEntityId/624219f76880e45323a16ff6/Yukon" target="_blank">Yukon</a> of orchestrating so-called “ghost owners” license deals. </p><p></p><p>“We believe this ‘ghost’ ownership fraudulent structure and documentation is the number one reason Oklahoma now leads the nation in black market marijuana,” said <a href="http://www.newson6.com/storiesByEntityId/62421bde6880e45323a4fa74/Mark%20Woodward" target="_blank">Mark Woodward</a> of <a href="http://www.newson6.com/storiesByEntityId/62421ae66880e45323a33228/OBN" target="_blank">OBN</a>. </p><p></p><p>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. </p><p></p><p> There are 7,400 licensed growers in the state, according to the <a href="http://www.newson6.com/storiesByEntityId/623d47226880e45323a8a883/Oklahoma%20Medical%20Marijuana%20Authority" target="_blank">Oklahoma Medical Marijuana Authority</a>. </p><p></p><p>“Almost 25% of the farms that are operating in Oklahoma are potentially operating under the same fraudulent business scheme,” Woodward said. </p><p></p><p>[URL unfurl="true"]http://www.newson6.com/story/63520e461464910729a09ea7/obn:-ghost-owners-may-be-tied-to-quarter-of-oklahoma-medical-marijuana-businesses[/URL]</p></blockquote><p></p>
[QUOTE="NationalMatch, post: 3880935, member: 48586"] Three [URL='http://www.newson6.com/storiesByEntityId/6238f1556880e45323d020b5/Oklahoma']Oklahoma[/URL] 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 [URL='http://www.newson6.com/storiesByEntityId/624377ca6880e45323aba190/Eric%20Brown']Eric Brown[/URL] and [URL='http://www.newson6.com/storiesByEntityId/62ab96f49c108f0ccb5cf1d0/Logan%20Jones']Logan Jones[/URL] of the [URL='http://www.newson6.com/storiesByEntityId/6239a1696880e45323413775/Oklahoma%20City']Oklahoma City[/URL]-based [URL='http://www.newson6.com/storiesByEntityId/62ab96f49c108f0ccb5cf1d5/Jones%20Brown']Jones Brown[/URL] firm, and [URL='http://www.newson6.com/storiesByEntityId/62437fd76880e45323b5e714/Matt%20Stacy']Matt Stacy[/URL] of [URL='http://www.newson6.com/storiesByEntityId/63520e468d789dc74232d091/Stacy%20Legal%20Group']Stacy Legal Group[/URL] in [URL='http://www.newson6.com/storiesByEntityId/624219f76880e45323a16ff6/Yukon']Yukon[/URL] 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 [URL='http://www.newson6.com/storiesByEntityId/62421bde6880e45323a4fa74/Mark%20Woodward']Mark Woodward[/URL] of [URL='http://www.newson6.com/storiesByEntityId/62421ae66880e45323a33228/OBN']OBN[/URL]. 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 [URL='http://www.newson6.com/storiesByEntityId/623d47226880e45323a8a883/Oklahoma%20Medical%20Marijuana%20Authority']Oklahoma Medical Marijuana Authority[/URL]. “Almost 25% of the farms that are operating in Oklahoma are potentially operating under the same fraudulent business scheme,” Woodward said. [URL unfurl="true"]http://www.newson6.com/story/63520e461464910729a09ea7/obn:-ghost-owners-may-be-tied-to-quarter-of-oklahoma-medical-marijuana-businesses[/URL] [/QUOTE]
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