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


California Cannabis Owner Disclosures


Frequently Asked Questions

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 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.

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 constitutes a financial interest in the cannabis business?

A loan, investment, or any other equity into the cannabis business shall constitute a financial interest.


Resources:








California Universal Symbol for Cannabis


California Universal Symbol for Cannabis

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