Industry Licensing Law & Compliance for California Cannabis Owners, 2021 Industry News, Events, 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.

Are owners required to disclose any criminal convictions?

Yes, owners are required to disclose any criminal convictions.

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

Banks are not required to be named.

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 people with financial interests in the business have to disclose this on the application?

Yes, any person with financial interests must be disclosed.

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

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

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.


California Universal Symbol for Cannabis

California Universal Symbol for Cannabis

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