Maryland Statutes
Subtitle 33 - Natalie M. Laprade Medical Cannabis Commission
Section 13-3311.1 - Sale or Transfer of Ownership in License; Rescission of Stage One Preapproval; Exceptions

(a)    (1)    The holder of a medical cannabis grower, processor, or dispensary license may sell or transfer ownership of the license if the licensee was physically and actively engaged in the cultivation, processing, or dispensing of medical cannabis for at least 3 years immediately preceding the sale or transfer of the ownership of the license.
        (2)    Nothing in paragraph (1) of this subsection may be construed to limit the ability of the Commission to enforce this subtitle.
    (b)    (1)    Subject to paragraph (2) of this subsection, the Commission may rescind the Stage One preapproval of an applicant if the facility of the applicant is not operational within 12 months after issuance of the Stage One preapproval due to a lack of a good faith effort by the applicant to become operational.
        (2)    If the applicant can demonstrate to the Commission that the failure to become operational under paragraph (1) of this subsection was due to unforeseen hardship beyond the control of the applicant, the Commission may extend the time frame to become operational for an additional 12 months before rescinding the Stage One preapproval.

Structure Maryland Statutes