1. A. An individual who holds any amount of ownership interest or control in a cannabis licensee shall be 21 years old or older.

2. B. The requirement in §A of this regulation does not apply to beneficiaries of ownership interests held in a trust if:

   1. (1) The trustee is 21 years old or older; and
   2. (2) Ownership interests do not vest prior to the beneficiary’s 21^st birthday.
3. C. The Administration may force divestiture of an individual with ownership interest or control from the licensed business if they are convicted or plead nolo contendere to a crime involving moral turpitude, whether or not any appeal or other proceeding is pending to have the conviction or plea set aside.

4. D. Transfers.

   1. (1) A person wishing to hold an ownership interest of greater than 5 percent or control in a cannabis license shall comply with the application requirements under Alcoholic Beverages and Cannabis Article, §36-502, Annotated Code of Maryland.
   2. (2) A license issued, regulated, or otherwise authorized under this subtitle shall only be transferred in accordance with Alcoholic Beverages and Cannabis Article, §36-503, Annotated Code of Maryland.
   3. (3) Applicants and transferees under this chapter shall submit to a criminal history record check in accordance with Alcoholic Beverages and Cannabis Article, §36-505, Annotated Code of Maryland.

Authority: Alcoholic Beverages and Cannabis Article, §§36-202, 36-501, 36-502, 36-503, 36-504, and 36-801, Annotated Code of Maryland

Effective date:

Regulations .01—.05 adopted as an emergency provision effective July 1, 2023 (50:14 Md. R. 559); emergency status expired June 30, 2024

Regulations .01—.05 adopted as an emergency provision effective June 7, 2024 (51:14 Md. R. 676)

Regulations .01—.05 adopted effective July 22, 2024 (51:14 Md. R. 678)

Regulation .03 amended effective April 14, 2025 (52:7 Md. R. 324)