Okla. Stat. tit. 63, § 63-427.15a
This is the official text of Okla. Stat. tit. 63, § 63-427.15a, part of Oklahoma’s Stat. tit. 63, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 63,." Browse the sections below, each linked to its official government source.
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Publicly traded company defined
Official statutory text
For purposes of this section, "publicly traded company" means a
business entity organized under the laws of the United States or
Canada where the domicile for the business entity permits the sale
of marijuana and such business entity has a class of securities that
are registered and traded for investment pursuant to the Security
Exchange Act of 1934 or listed and traded for investment on a
reputable recognized foreign stock exchange or foreign market
exchange.
On and after the effective date of this act, a publicly traded
company as defined herein is authorized to purchase up to forty
percent (40%) of the equity in an existing Oklahoma business that
holds a valid Oklahoma medical marijuana grower, processor or
transporter license; provided, however, the only Oklahoma business
qualified for investment or equity purchase under this section must
have held a valid medical marijuana grower, processor or transporter
license for at least eighteen (18) months prior to the investment or
equity purchase and must be currently operating in good standing in
this state. A licensed medical marijuana dispensary shall not be
qualified for investment or equity purchase under the provisions of
this section.
business entity organized under the laws of the United States or
Canada where the domicile for the business entity permits the sale
of marijuana and such business entity has a class of securities that
are registered and traded for investment pursuant to the Security
Exchange Act of 1934 or listed and traded for investment on a
reputable recognized foreign stock exchange or foreign market
exchange.
On and after the effective date of this act, a publicly traded
company as defined herein is authorized to purchase up to forty
percent (40%) of the equity in an existing Oklahoma business that
holds a valid Oklahoma medical marijuana grower, processor or
transporter license; provided, however, the only Oklahoma business
qualified for investment or equity purchase under this section must
have held a valid medical marijuana grower, processor or transporter
license for at least eighteen (18) months prior to the investment or
equity purchase and must be currently operating in good standing in
this state. A licensed medical marijuana dispensary shall not be
qualified for investment or equity purchase under the provisions of
this section.
Status: in_force · Read it on the official government site
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