Business Licensing Law & Compliance Attorney for California Cannabis Owners, 2019 Relevant News, Events, Information & Updates


California Cannabis Owner Disclosures


Frequently Asked Questions

Are fingerprints required of the owner?

Yes, the owner(s) must submit their fingerprints to the Department of Justice.

Are owners required to disclose any criminal convictions?

Yes, owners are required to disclose any criminal convictions.

Do licensees need to identify an owner?

Yes, the business must have at least one owner and the owners must be identified.

What constitutes a financial interest in the cannabis business?

A loan, investment, or any other equity into the cannabis business shall constitute a financial interest.

What are the requirements to be an owner of the cannabis business?

The following is considered to be an owner:

• CEO of an entity
• Person with interest of at least 20%
• A nonprofit board of director's member
• Person involved with management of business

If owner has history of criminal conviction, can owner offer evidence of rehabilitation?

Yes, owner can provide evidence of rehabilitation with the application.

Are there exceptions to financial interest holders being required to named in applications?

Banks are not required to be named.


Resources:

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California Universal Symbol for Cannabis


California Universal Symbol for Cannabis

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