15 Miss. Code. R. 22-3.10 - Transfer of Ownership Requirements

3.10.1 A licensee may transfer ownership interests, including without limitation partial ownership, only after the application for a transfer of an ownership interest has been approved by the Department.

3.10.2 An application for the transfer of ownership interests in a medical cannabis establishment shall:

A. Be completed on forms and/or a system made available by the Department;

B. Be submitted to the Department; and,

C. Contain all required supplemental information provided by the person or entity seeking to assume an ownership interest, similar to that which is required in an application for a cannabis cultivation license, to demonstrate compliance with all applicable requirements for licensure, including but not limited to fingerprinting and background check requirements.

3.10.3 The Department may revoke or suspend a license upon discovery of any effort or attempt to transfer an ownership interest in a license without complying with the requirements of this Part.

3.10.4 All information and documents required by the Department, including but not limited to, the following must accompany an application for change of ownership for a cannabis testing entity:

A. The legal name of the cannabis testing entity;

B. The name of each principal officer and board member of the cannabis testing entity;

C. An attestation that the information provided to the Department regarding the change of ownership for a cannabis testing entity is true and correct;

D. The signatures of the owners of the cannabis testing entity and the technical laboratory director and the date each signed;

E. For each owner:

1. An attestation signed and dated by the owner that the owner has not been convicted of an excluded felony offense;

2. An attestation signed and dated by the owner that the owner does not have a direct or indirect familial or financial relationship with or interest in a dispensary, cannabis cultivation entity, cannabis processing entity, cannabis disposal entity or cannabis research entity; and,

3. An attestation signed and dated by the owner pledging not to divert cannabis to any individual or entity that is not allowed to possess cannabis;

F. Verification for each principal officer or board member that they are at least twenty-one (21) years of age.

Notes

15 Miss. Code. R. 22-3.10

Adopted 1/13/2024