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ENGR. S. B. NO. 1501 Page 1
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ENGROSSED SENATE
BILL NO. 1501 By: Jech and Bullard of the
Senate
and
Moore of the House
An Act relating to medical marijuana bonds; amending
Section 2, Chapter 41, O.S.L. 2023 (63 O.S. Supp.
2025, Section 427.26), which relates to bond required
for land used in commercial growing operations;
defining term; allowing the Oklahoma Medical
Marijuana Authority to recall certain bonds;
requiring the Authority to provide certain notice to
certain law enforcement in certain situations;
requiring the Authority to keep certain bond
information for certain period of time; requiring the
Authority to promulgate certain rules; updating
statutory reference; and providing an effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY Section 2, Chapter 41, O.S.L. 2023
(63 O.S. Supp. 2025, Section 427.26), is amended to read as follows:
Section 427.26. A. For the purpose of this section,
“reclamation” means returning the land to a marketable condition.
B. It shall be unlawful for any holder of a medical marijuana
business license pursuant to Section 427.14 of Title 63 of the
Oklahoma Statutes this title to engage in any commercial growing
operations in this state without acquiring a bond. The bond shall
cover that area of land within the permit area upon which the
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business licensee will initiate and conduct commercial growing
operations.
B. C. Every applicant for a commercial grower license or
commercial grower licensee shall file with the Oklahoma Medical
Marijuana Authority a bond satisfactory to the Authority and in the
amount no less than Fifty Thousand Dollars ($50,000.00) for each
license sought or held, with a surety company qualified to do
business in this state as a surety. The bond shall be furnished to
the state for the use of the state pursuant to the provisions of
this act section and Section 427.14 of this title. The bond shall
be conditional that the obligor will comply with the provisions of
this act section and Section 427.14 of this title including, but not
limited to, building codes, administrative rules, and other relevant
laws, and all rules and regulations made pursuant to this act
section and Section 427.14 of this title and will pay all amounts of
money that may be due to the state during the time such bond is in
effect.
C. D. The Authority or the Department of Environmental Quality
may require a higher amount depending upon the reclamation
requirements of the approved application. The amount shall reflect
the probable difficulty of reclamation with consideration for such
factors including, but not limited to, topography, hydrology, and
revegetation potential. The amount of the bond for a commercial
growing operation shall be sufficient to assure the completion of
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the reclamation plan if the work has to be performed by the
Authority or the Department of Environmental Quality in the event of
revocation of license.
D. An appropriate agency E. The Authority may recall the bond
if the property has been abandoned, the Authority revokes the
commercial growing operation’s license, or in response to receiving
notice of a violation of any law, regulation, policy, or ordinance
necessitating remedial action. The bond shall be used to defray the
cost of restoration of the property including, but not limited to,
removing equipment, destruction of waste, remediation of
environmental hazards, prohibiting public access, addressing
improperly coded buildings, or determination of the final
disposition of any seized property.
E. F. A holder of a medical marijuana business license pursuant
to Section 427.14 of Title 63 of the Oklahoma Statutes this title
engaging in a commercial growing operation may operate without
obtaining a bond upon verification by the Authority that the
permitted land on which the licensee operates the commercial growing
operation has been owned by the licensee for at least a five-year
period prior to submission of application.
G. Upon the expiration of a medical marijuana business license,
the Authority shall provide notice to all law enforcement agencies
in the local jurisdiction of such expiration.
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H. The Authority shall keep record of all bond statuses for
each licensee for a period not less than two (2) years.
I. The Authority shall promulgate rules necessary to enact the
provisions of this section.
SECTION 2. This act shall become effective November 1, 2026.
Passed the Senate the 9th day of March, 2026.
Presiding Officer of the Senate
Passed the House of Representatives the ____ day of __________,
2026.
Presiding Officer of the House
of Representatives