Okla. Stat. tit. 63, § 63-427.14c

required.

A. After the effective date of this act, no medical marijuana

business shall be transferred without written approval of an

application by the Oklahoma Medical Marijuana Authority.

B. A licensee intending to transfer ownership of a medical

marijuana business shall submit an application to the Authority.

Upon approval by the Authority, the applicant shall submit all

necessary documentation to the Oklahoma State Bureau of Narcotics

and Dangerous Drugs Control (OBNDD) consistent with an application

for a registration pursuant to the Uniform Controlled Dangerous

Substances Act and rules promulgated by OBNDD, including the

approved application issued by the Authority. The medical marijuana

business license and the OBNDD registration of the original owner

shall terminate fifteen (15) business days after issuance of the new

OBNDD registration. Upon approval of the new registration by OBNDD,

the prior owner and new owner shall effectuate the transfer of

medical marijuana products utilizing the state authorized seed-to-

sale tracking system within fifteen (15) business days.

C. Nothing in this section shall prevent the Authority from

denying an application, or the OBNDD from denying an application, to

register pursuant to the laws and rules of this state. Application

or registration denial shall not affect the existing licensee and

registrant. The existing licensee and registrant shall be required

to submit timely and sufficient renewal applications for the

business to continue to operate during the pendency of any business

transfer.

D. Nothing in this section shall authorize any new owner to

take possession of medical marijuana, medical marijuana concentrate,

Oklahoma Statutes - Title 63. Public Health and Safety Page 1165

or medical marijuana product or exercise control over any activities

involving the medical marijuana business unless and until the

application has been approved by the Authority and the new ownership

is registered with OBNDD.

E. Nothing in this section shall prohibit the prospective new

owners from being employed by the current owner during the transfer

process so long as the prospective new owner holds all proper

employee credentials in accordance with Section 427.14b of Title 63

of the Oklahoma Statutes.

F. The new medical marijuana business owner shall provide the

Authority with a detailed inventory of any and all items enumerated

in the Oklahoma Medical Marijuana and Patient Protection Act

including, but not limited to, all seeds, plant tissue, clones,

plants, usable medical marijuana or trim, leaves, and other plant

matter, batches of extract, medical marijuana, medical marijuana

concentrate, and medical marijuana products upon taking control of

the business.

G. Any attempt to transfer a medical marijuana business,

medical marijuana, medical marijuana concentrate, or medical

marijuana products of a medical marijuana business without approval

from the Authority shall be grounds for revocation or nonrenewal of

the license and denial, revocation, or nonrenewal of current or

future licenses or license applications with ownership held by any

such person involved in the unlawful transfer.

H. The application fee shall be the annual license or

application fee established under Section 427.14 of Title 63 of the

Oklahoma Statutes for medical marijuana business license types.

I. Any medical marijuana business with a pending application to

transfer a business license on the effective date of this act shall

have thirty (30) days from the effective date of this act to submit

a new application pursuant to this section. The Authority shall

refund the application fee to any applicant with a pending

application to transfer upon receipt of the new application.

J. The Authority shall promulgate rules necessary for the

approval and denial of transfers of medical marijuana businesses.