This bill amends Section 2 of Chapter 41 of the Oklahoma Statutes regarding the bond requirements for medical marijuana licensees engaged in commercial growing operations. The legislation increases the minimum bond amount from Fifty Thousand Dollars ($50,000) to One Hundred Thousand Dollars ($100,000) for each license held. It also updates statutory references to ensure consistency within the law. Additionally, the bill allows the Oklahoma Medical Authority or the Department of Environmental Quality to require a higher bond amount based on reclamation needs, taking into account factors such as topography and hydrology.

Furthermore, the bill stipulates that a medical marijuana business license holder may be exempt from obtaining a bond if they can verify ownership of the permitted land for at least five years prior to their application. The bond is intended to ensure compliance with relevant laws and regulations, and it can be recalled by the appropriate agency under certain conditions, such as property abandonment or license revocation. The act is set to take effect on November 1, 2026.