OKLAHOMA - Senate Bill 913, signed into law by Governor Kevin Stitt last week, will require all applicants for a medical marijuana business license to submit a bond.
The bond would cover the area of land within the license application with a minimum payment of 50,000 dollars.
The measure does state commercial growers won't need to obtain a bond if they've owned the land for at least five years prior to an application submission.
The purpose of the bond is to help restore property if a medical marijuana grows shuts down or becomes abandoned.
