An Act Regarding Marijuana Licensing

Sec. 1. 7 MRSA §2447, sub-§1, ¶¶I to K  are enacted to read:

summary

This bill requires an applicant for a marijuana license under the Maine Revised Statutes, Title 7 who is a natural person to have been a resident of the State for at least one year continuously prior to application for a license. It requires an applicant that is a business entity organized under Title 13-B or 13-C that applies for a marijuana license under Title 7 to have been organized for at least one year continuously prior to application for a license and requires an individual who submits the application for the business to have been a resident of the State for at least one year continuously prior to application for a license.

This bill requires an applicant for a marijuana license under Title 7 to disclose the applicant's financial interest in the license, including, but not limited to, investment interest and salary or other reimbursement that may become due to the applicant from any other person or business if the license is granted.