Understanding Oklahoma Senate Bill 913 (2023)

Effective April 20, 2023, Oklahoma Senate Bill 913 requires all commercial medical marijuana grower license applicants and existing licensees to submit proof to the Oklahoma Medical Marijuana Authority (OMMA) of one of the following:

1. A surety bond that covers the designated area for commercial growing operations.
2. An attestation with documentation proving that the licensed area has been owned by the licensee for at least five years prior to application submission.

This applies to all existing licensed growers and those applying post-April 20, 2023. Non-compliant applications will be rejected per 63 O.S. § 427.14.

Compliance Requirements

Licensees must demonstrate compliance by submitting either an Attestation of Land Ownership Form with relevant documents (e.g., recorded property deed) or a Surety Bond Form. Upload these documents under the location information section of a grower license application.

Bridging the Gap with Our Pre-Renewal Offer

Understanding the potential strain this sudden regulatory shift could impose on your business, we’ve crafted a specialized Pre-Renewal Offer. This strategic solution aids in a seamless transition, catering to the unique needs of your business.

• Flexible Approval Process: We place a premium on personalized service. Our industry-savvy experts offer a comprehensive and individualized assessment of your application, resulting in flexible terms tailored to your business.
• Fixed Rates: In an unpredictable financial landscape, we promise stability with our competitive, fixed rates, insulating your bottom line from market volatility.
• Inclusive Credit Evaluation: At OklahomaMedicalMarijuanaBond.com, we stand by the potential of your business, irrespective of your credit history. Our underwriting process includes a holistic evaluation, ensuring that credit scores do not hinder your progress.
• Free Qualification Check: Empowerment through information is our motto. With our free qualification check, you can explore your options without any financial commitment.
• Premium Quality Bond: Our Oklahoma Medical Marijuana Bond exceeds all regulatory requirements, providing your business with more than just a safety net — we offer a springboard for growth.

Clarifying the Process: Expanded FAQs

• Why the $50,000 surety bond?: This requirement introduced by Senate Bill 913 serves to enforce regulatory compliance and provide added security for your business.
• Does a low credit score affect my eligibility?: While credit scores are a part of our underwriting process, they don’t define the entirety of it. A lower credit score does not preclude you from securing a surety bond.
• How does the Pre-Renewal offer benefit me?: Our offer is crafted to help you seamlessly adapt to the new license renewal requirements, minimizing disruption to your operations.
• How can I avail of the Pre-Renewal offer?: To take advantage of our offer, visit our website and complete the Pre-Renewal Application before your license renewal date.
• What happens if I’ve already submitted my application?: If you submitted your application after April 20, 2023, without the required documentation, it will likely be rejected. However, our team can help guide you on the necessary steps to resubmit your application successfully.
• What documents are needed to prove land ownership?: Acceptable documents for land ownership verification include a recorded property deed, court order, conveyance, or other legally-binding proof of land ownership.
• Where do I submit these documents?: You can upload the Surety Bond Form or Attestation of Land Ownership Form, along with the necessary documents, under the location information section of your grower license application.

Acquiring your surety bond can be a straightforward process with OklahomaMedicalMarijuanaBond.com as your trusted partner. By managing your financial footing responsibly, you fortify your bondability. Rest assured, our team will guide you through each step of compliance with SB 913 and OAC 442:10-5-3.3.

Visit us at OklahomaMedicalMarijuanaBond.com today to learn more about our services and how we can support you. By acting now, you can shield your business from potential financial scrutiny and avoid higher rates in the future.

We value your trust in us and look forward to supporting you as you navigate this evolving landscape.

Best regards,

Oklahoma Medical Marijuana Bond Team

P.S. Seize this moment to lock in lower rates. As time progresses, rates are likely to increase. Act now to secure your bond, stay ahead of your license renewal, and provide your business the peace of mind it deserves. At OklahomaMedicalMarijuanaBond.com, we’re with you every step of the way.