Understanding the Impact of Senate Bill 913
Hi, my name is Oklahoma medical marijuana business attorney Ope Adegbuyi. If you’re involved in the medical marijuana industry in Oklahoma, it’s important to understand the implications of Senate Bill 913. The bill requires certain licensed growers to obtain a surety bond and provide proof of land ownership as part of their license application or renewal process. As of April 20, 2023, this requirement will be in effect for all existing licensed growers and grower license applicants.
The purpose of the surety bond is to ensure that the grower will comply with all applicable laws and regulations related to the cultivation, processing, and sale of medical marijuana. The bond must be issued by a surety company that is authorized to do business in Oklahoma and must be in the amount of $50,000 for each grower license.
Additionally, the proof of land ownership requirement is intended to ensure that the grower has a legal right to operate on the property where the cultivation is taking place. This documentation must be submitted with the license application or renewal application and will be verified by the Oklahoma Medical Marijuana Authority (OMMA).
Who is Affected by Senate Bill 913?
If you’re a licensed grower in Oklahoma or you’re planning to apply for a grower license, Senate Bill 913 will affect you. This bill applies to all licensed growers and grower license applicants, both new and existing.
It’s important to note that the surety bond requirement is not the same as the bond requirement for dispensaries and processors. However, all entities in the medical marijuana industry must comply with various regulations and requirements in order to operate legally in Oklahoma.
Get More Information from a Tulsa Medical Marijuana Business Lawyer
As a Tulsa medical marijuana growers lawyer, I can help you navigate the complex regulations and requirements that apply to your business. If you have questions about Senate Bill 913 or any other legal issues related to the medical marijuana industry in Oklahoma, don’t hesitate to contact me.
I offer a free consultation to discuss your needs and help you understand your options. Contact me today at OklahomaMedicalMarijuana.Attorney.