Cal. Bus. & Prof. Code § 26249
(a) Notwithstanding Sections 26012 and 26180:
(b)
(c) For purposes of this section, “equity applicants and licensees” means applicants and licensees that demonstrate all of the following:
(1)
(3) That they satisfy one of the following:
(4) The eligibility for those that qualify pursuant to the criteria listed under subparagraphs (A) to (D), inclusive, of paragraph (3) may be further refined by the department through regulations, including, but not limited to, regulations regarding the following: