Business Licensing Law & Compliance Attorney for California Cannabis Owners, 2020 Relevant News, Events, Information & Updates

California Cannabis Owner Disclosures

Frequently Asked Questions

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.

Do people with financial interests in the business have to disclose this on the application?

Yes, any person with financial interests must be disclosed.

Are owners required to disclose any criminal convictions?

Yes, owners are required to disclose any criminal convictions.

What information is required from person with financial interests in the cannabis business?

For non-owners that have a financial interest, the following information must be included for each person:
• Name
• Birthdate
• Government issued ID Number

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

Banks are not required to be named.

Are fingerprints required of the owner?

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

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

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


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California Universal Symbol for Cannabis

California Universal Symbol for Cannabis

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