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Senate Engrossed
public benefits; fraud; remedies (now: predatory agreement; marijuana establishment license) |
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State of Arizona Senate Fifty-seventh Legislature Second Regular Session 2026
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SENATE CONCURRENT RESOLUTION 1047 |
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A CONCURRENT RESOLUTION
enacting and ordering the submission to the people of a measure relating to marijuana establishment licenses.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it resolved by the Senate of the State of Arizona, the House of Representatives concurring:
1. Under the power of the referendum, as vested in the Legislature, the following measure, relating to marijuana, is enacted to become valid as a law if approved by the voters and on proclamation of the Governor:
AN ACT
Amending Title 36, chapter 28.2, Arizona Revised Statutes, by adding section 36-2869; relating to marijuana.
Be it enacted by the Legislature of the State of Arizona:
Section 1. Title 36, chapter 28.2, Arizona Revised Statutes, is amended by adding section 36-2869, to read:
36-2869. Attorney general; investigation; legal action; definition
A. The attorney general, in consultation with the department, may investigate and commence legal action against any marijuana facility agent that enters into a predatory agreement or fraudulently acquires a marijuana establishment license. Enforcement actions pursuant to this section may include:
1. Revocation of any marijuana establishment license.
2. Denial or revocation of a marijuana facility agent's card.
B. For the purposes of this section, "predatory agreement" means any agreement signed before or within eighteen months after a marijuana establishment license under the social equity ownership program was issued that required the original principal officer or board member who held at least fifty-one percent ownership of the marijuana establishment to sell, transfer, assign, pledge, encumber or otherwise give control of the original principal officer's or board member's ownership interest, voting rights or operational control for less than minimum fair market value or under terms that a reasonable person would consider unconscionable.
2. The Secretary of State shall submit this proposition to the voters at the next general election as provided by article IV, part 1, section 1, Constitution of Arizona.