Oklahoma House Bill HB3679

Oklahoma 2022 Regular Session

• Introduced: 2/7/22
• Refer: 2/8/22

Caption

Medical marijuana; modifying ownership interest requirements; effective date.

Impact

The bill facilitates a more regulated environment for the medical marijuana industry in Oklahoma by clearly defining ownership criteria and enforcing stringent compliance measures. With the OMMA gaining increased powers, the effectiveness of monitoring and enforcement regarding marijuana operations will improve. This bill modifies the existing framework to ensure better accountability and oversight, particularly concerning health standards, waste management practices, and overall public safety in the growing medical marijuana sector.

Summary

House Bill 3679 aims to amend specific sections of the Oklahoma statute relating to the licensing of medical marijuana dispensaries, commercial growers, and processors. Key amendments focus on ownership interest requirements and strengthen the authority of the Oklahoma Medical Marijuana Authority (OMMA). The bill stipulates that all owners of licensed medical marijuana businesses must be Oklahoma residents, with limits on the ownership interests of out-of-state individuals or entities to a maximum of 25%. Furthermore, the statute establishes a more structured process for the submission of applications for licenses, ensuring that all applicants provide proof of ownership and residency.

Contention

Notable points of contention include the requirement for all applicants to disclose ownership interests, which could dissuade potential out-of-state investors from participating in Oklahoma's medical marijuana market. Additionally, some stakeholders might view the limited ownership structure as overly restrictive and potentially detrimental to the growth of the medical marijuana industry in the state. Critics may argue that while the intentions behind the increased regulation focus on public health, they may inadvertently stifle business opportunities within the burgeoning market.