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be transported and security procedures. All businesses must demonstrate that adequate funds and resources are available to sustain operation. An education plan must provide education and training to the business’s staff. And lastly, a business must show their operation will not negatively impact the environment and the community. Additionally, the Department requires information about those individuals who plan on being part of the business. The application must include a chart showing the organizational structure of the business. Further, a list of every owner, officer and board member must be provided, along with a substantial amount of information about each. This includes their title and role in the company, race, ethnicity, gender, any affiliation with another medical marijuana business, past agent card revocation and financial investments in other medical marijuana businesses. As well, the DOT will consider other factors designed to measure such individual’s qualifications and suitability. These key businesspersons must not have been convicted of a felony. They must also provide a short biography highlighting experience with government agencies, community service, previous business experience, knowledge about the marijuana industry, along with a resume. Current government employees, government contractors, and law enforcement officers should also identify themselves in the application. Marijuana licenses are highly coveted, as only a limited number are available. This is sure to create a lot of competition for the upcoming licensing period and other licensing periods in the future. DOT will rank applications by factoring the operating member’s relevant experience, diversity, educational achievements, philanthropic ventures, taxes paid, and direct experience in the marijuana industry. DOT will also rank applications based on the applicant’s financial plan and resources. To discourage monopolies, DOT will not allow the same individual or group to operate more than one retail marijuana store, or more than ten percent of the retail marijuana store licenses allowed in the county, for counties with a population of 100,000 or greater. It is possible that future rounds of licensing will be available to those who are not already in the industry, however, only a set number of licenses will be available. For now, marijuana, by law, belongs to those already in the industry.

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Elevate july 2018  

Elevate july 2018  

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