SB 5202 - DIGEST |
Prohibits the issuance of any kind of marijuana-related license to a business entity or nonprofit entity, unless formed under state law or holding a certain certificate of registration. |
Requires a person holding more than ten percent interest in the entity to possess the same qualifications required of the licensee, with the exception of any residency requirement. |
Authorizes the state liquor and cannabis board to impose additional licensing fees to recover additional costs incurred in investigating a nonresident who is required to be investigated. |
Gives discretionary authority to the board to deny a license or license renewal to an entity if, after reasonable efforts, the board is unable to investigate the nonresident, in accordance with the investigatory standards applicable to the investigation of a state resident. |