Cannabis Consulting
California Cannabis Owners

Career Licensing Law & Compliance for California Cannabis Owners, 2018 Career News, Information & Updates


California Cannabis Owner Disclosures


Frequently Asked Questions

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

Do licensees need to identify an owner?

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

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

Banks are not required to be named.

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.

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

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

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


Resources:

Cannabis Advising Partners: for Cannabis Consulting







California Universal Symbol for Cannabis


California Universal Symbol for Cannabis

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