Definitions
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Equity Joint Venture
An Equity Joint Venture is a business entity, partnering with a licensed medical marijuana producer or medical marijuana dispensary facility, that is at least 50% owned and controlled by an individual or individuals, or the applicant is an individual, who meet certain requirements..
Definitions Licensing Frequently Asked Questions Social Equity Definitions Equity Joint Ventures -
Employee
An employee is anyone that is a member of the board of a company with an ownership interest in a cannabis establishment and anyone who is directly employed by a cannabis business or who has access to the business and its products.
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Delivery Service
A licensed delivery service may deliver cannabis and cannabis products from certain cannabis establishments to consumers or qualifying patients and caregivers.
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Cultivator
A licensed cultivator may cultivate, grow and propagate cannabis at an establishment containing not less than 15,000 square feet of grow space.
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What is cannabis and marijuana?
The terms “marijuana” and “cannabis” are used interchangeably. Unless otherwise noted, on this website the term “cannabis” means cannabis in any form and stage of growth and includes all products made with marijuana.
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Backer
A Backer is an individual with a financial interest in a cannabis establishment, and either (1) owns 5 percent or more of the cannabis establishment, in the aggregate with a spouse, parent and child, or (2) participates directly or indirectly in the control, management or operation of the cannabis establishment.
Definitions