Cannabis Consulting
California Cannabis Owners

Career Licensing Law & Compliance for California Cannabis Owners, 2020 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.

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 owners required to disclose any criminal convictions?

Yes, owners are required to disclose any criminal convictions.

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

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

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

Banks are not required to be named.


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California Universal Symbol for Cannabis

California Universal Symbol for Cannabis

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