- (a) Licenses shall only be effective for the individuals identified in the original application.
- (b) A licensee may not sell, transfer, or otherwise dispose of his or her license to another individual without approval from the Medical Marijuana Commission.
- (c) A licensee may only sell, transfer, or otherwise dispose of his or her license to another natural person.
- (d) An individual who holds a license through its individual agent shall not make any modification to the individual’s ownership, board members, or officers as designated in the initial application without approval from the commission.
- (e) A licensee’s failure to obtain approval from the commission before engaging in ownership changes described in subsections (b) and (c) of this section shall result in the commission’s revocation of that license.
- (f) In order to obtain approval to transfer ownership of a license or of an entity that holds a license by its individual agent, principals in ownership, board members, or officers, the licensee shall submit to the commission an application for license transferal on a form and in a manner prescribed by the commission.
(g)
- (1) If the commission denies an application for transfer of license, the commission shall provide written notice by certified mail or personal delivery to the licensee.
- (2) The notice shall provide an explanation for the denial of the application.
- (3) The licensee may request a hearing before the commission pursuant to 20 CAR § 800-219(b).