(a) Each license is exclusive to the licensee. A license, and any interest in or rights under a license, and any ownership interest or other beneficial interest in a licensed entity, may not be sold, transferred, assigned, conveyed, or otherwise disposed of in any manner, in whole or in part, voluntarily or involuntarily, directly or indirectly, except upon application to and approval of the commission.
(b) A nonrefundable application fee of two thousand five hundred dollars ($2,500) shall be paid to the commission at the time of filing any transfer request under subsection (a).
(c) The attempted transfer, sale, or other conveyance of an interest or right in a license, or transfer of an ownership interest or other beneficial interest in a licensed entity, without the approval of the commission, shall be grounds for suspension or revocation of the license or for other sanction considered appropriate by the commission.
Structure Code of Alabama
Title 20 - Food, Drugs and Cosmetics.
Chapter 2A - Darren Wesley "Ato" Hall Compassion Act.
Article 4 - Cultivation, Processing, and Dispensing of Medical Cannabis.
Section 20-2A-50 - Licensing and Regulation of Medical Cannabis.
Section 20-2A-51 - License Quantities; Operation of Dispensing Sites.
Section 20-2A-53 - License Application Requirements.
Section 20-2A-54 - Statewide Seed-to-Sale Tracking System.
Section 20-2A-55 - License Application Procedures.
Section 20-2A-57 - Suspension, Revocation, etc., of License.
Section 20-2A-58 - Exclusivity of License; Transfer Request.
Section 20-2A-59 - Criminal Background Check of Prospective Officers, Employees, Etc.
Section 20-2A-60 - Third-Party Inventory Control and Tracking System.
Section 20-2A-61 - Advertisement and Display Restrictions.
Section 20-2A-62 - Cultivator Licensing.
Section 20-2A-63 - Processor Licensing.
Section 20-2A-64 - Dispensary Licensing.
Section 20-2A-65 - Secure Transporter Licensing.
Section 20-2A-66 - State Testing Laboratory Licensing.