Licensing Law & Compliance Attorney for California Cannabis Owners, 2020 Important News, Attorney Information & Updates

California Cannabis Owner Disclosures

Frequently Asked Questions

Are owners required to disclose any criminal convictions?

Yes, owners are required to disclose any criminal convictions.

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.

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

Do licensees need to identify an owner?

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

Are fingerprints required of the owner?

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

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


Cannabis Advising Partners: for Cannabis Consulting

California Universal Symbol for Cannabis

California Universal Symbol for Cannabis

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