This bill authorizes the Oklahoma Medical Marijuana Authority to develop policies and procedures that require medical marijuana business licensees to disclose any outstanding state fees, fines, taxes, or other debts before selling their business. Specifically, it mandates that current licensees submit an attestation under penalty of perjury, confirming or denying the existence of such debts, and if applicable, disclose the amounts owed. This attestation must be submitted within sixty days of the bill's effective date, and the Authority is responsible for creating a standardized form for this purpose, which will be made publicly available on its website.

The bill also includes a provision for codification and sets an effective date of November 1, 2026. This new legal framework aims to ensure transparency and accountability within the medical marijuana industry in Oklahoma by requiring businesses to clarify their financial obligations before any transfer of ownership.