The literature seems rather coy on this point.
While $\sqrt{z}$ is not meromorphic on the complex plane $\mathbb{C}$, can it be regarded as globally meromorphic on the appropriate Riemann surface (two branched copies of $\mathbb{C}$), or (equivalently?) locally meromorphic at $z=0$? Moreover, can the root of the function at $z=0$ be regarded as a zero of order $1/2$?
And moreover, is $1/\sqrt{z}$ also meromorphic on the surface, and can it be regarded as having a pole of order $1/2$?
EDIT: Clarified(?) that I was asking whether the function globally meromorphic on $2 \mathbb{C}$.
It is worth emphasizing that the description of a function includes its domain. Changing the domain from entire plane to slit plane or to Riemann surface entails changing the function. There is nothing strange in the fact that some of the resulting functions are holomorphic while others are not.
In particular, on the appropriate Riemann surface $\Sigma$ the function $\sqrt{z}$ is holomorphic: indeed, it is a biholomorphism between $\Sigma$ and $\mathbb C$ which gives $\Sigma$ its complex manifold structure. This function has a zero of order $1$ at the point over $z=0$. Accordingly, $1/\sqrt{z}$ is meromorphic on $\Sigma$, with pole of order $1$ (not $1/2$) at the origin.