This text of Oklahoma § 63-427.14c (Transfer of business — Written approval of application) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
required.
A.After the effective date of this act, no medical marijuana business shall be transferred without written approval of an application by the Oklahoma Medical Marijuana Authority.
B.A licensee intending to transfer ownership of a medical marijuana business shall submit an application to the Authority. Upon approval by the Authority, the applicant shall submit all necessary documentation to the Oklahoma State Bureau of Narcotics and Dangerous Drugs Control (OBNDD) consistent with an application for a registration pursuant to the Uniform Controlled Dangerous Substances Act and rules promulgated by OBNDD, including the approved application issued by the Authority. The medical marijuana business license and the OBNDD registration of the original owner shall terminate fifteen (15) bu
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required. A. After the effective date of this act, no medical marijuana business shall be transferred without written approval of an application by the Oklahoma Medical Marijuana Authority. B. A licensee intending to transfer ownership of a medical marijuana business shall submit an application to the Authority. Upon approval by the Authority, the applicant shall submit all necessary documentation to the Oklahoma State Bureau of Narcotics and Dangerous Drugs Control (OBNDD) consistent with an application for a registration pursuant to the Uniform Controlled Dangerous Substances Act and rules promulgated by OBNDD, including the approved application issued by the Authority. The medical marijuana business license and the OBNDD registration of the original owner shall terminate fifteen (15) business days after issuance of the new OBNDD registration. Upon approval of the new registration by OBNDD, the prior owner and new owner shall effectuate the transfer of medical marijuana products utilizing the state authorized seed-to- sale tracking system within fifteen (15) business days. C. Nothing in this section shall prevent the Authority from denying an application, or the OBNDD from denying an application, to register pursuant to the laws and rules of this state. Application or registration denial shall not affect the existing licensee and registrant. The existing licensee and registrant shall be required to submit timely and sufficient renewal applications for the business to continue to operate during the pendency of any business transfer. D. Nothing in this section shall authorize any new owner to take possession of medical marijuana, medical marijuana concentrate, or medical marijuana product or exercise control over any activities involving the medical marijuana business unless and until the application has been approved by the Authority and the new ownership is registered with OBNDD. E. Nothing in this section shall prohibit the prospective new owners from being employed by the current owner during the transfer process so long as the prospective new owner holds all proper employee credentials in accordance with Section 427.14b of Title 63 of the Oklahoma Statutes. F. The new medical marijuana business owner shall provide the Authority with a detailed inventory of any and all items enumerated in the Oklahoma Medical Marijuana and Patient Protection Act including, but not limited to, all seeds, plant tissue, clones, plants, usable medical marijuana or trim, leaves, and other plant matter, batches of extract, medical marijuana, medical marijuana concentrate, and medical marijuana products upon taking control of the business. G. Any attempt to transfer a medical marijuana business, medical marijuana, medical marijuana concentrate, or medical marijuana products of a medical marijuana business without approval from the Authority shall be grounds for revocation or nonrenewal of the license and denial, revocation, or nonrenewal of current or future licenses or license applications with ownership held by any such person involved in the unlawful transfer. H. The application fee shall be the annual license or application fee established under Section 427.14 of Title 63 of the Oklahoma Statutes for medical marijuana business license types. I. Any medical marijuana business with a pending application to transfer a business license on the effective date of this act shall have thirty (30) days from the effective date of this act to submit a new application pursuant to this section. The Authority shall refund the application fee to any applicant with a pending application to transfer upon receipt of the new application. J. The Authority shall promulgate rules necessary for the approval and denial of transfers of medical marijuana businesses.