This bill amends the laws governing the licensing of adult use cannabis establishments to clarify that the principals of a business entity include officers, directors, members, managers, partners and employees or other natural persons having a controlling or other decision-making authority in the establishment's operation and are subject to all licensing criteria, criminal history record check requirements and new ownership or employment notification requirements. The bill also specifies that an owner of an adult use cannabis establishment is not a principal if that owner is a direct financial interest holder but does not have a controlling authority or leading position, and that the operation of an adult use cannabis establishment includes the activities and tasks that the applicant or licensee uses to produce goods and services but does not include human resources, information technology, marketing or accounting and finance.

Statutes affected:
Bill Text LD 2155, HP 1379: 28-B.106, 28-B.202, 28-B.203, 28-B.204, 28-B.213