Equity Joint Ventures
Can a final license be issued to a cannabis establishment that is part of an Equity Joint Venture if the sponsoring establishment (producer, dispensary facility, or cultivator) holds a provisional license, but not a final license?
A final license may be issued to an Equity Joint Venture sponsored by a producer, dispensary facility or cultivator holding a provisional license so long as all licensing requirements have been satisfactorily met by the Equity Joint Venture .Licensing - Lotteries and Application Information Licensing Frequently Asked Questions Equity Joint Ventures Policies Procedures and The Law
Do Equity Joint Ventures (EJVs) that share a common Producer Backer or Dispensary Facility Backer need to be located at least 20 miles apart regardless of license type?
Retailer Equity Joint Ventures and Hybrid Retailer Equity Joint Ventures cannot be located within 20 miles of any other EJV that it shares a Producer Backer or Dispensary Facility Backer with, regardless of the EJV’s license type.Equity Joint Ventures Licensing Frequently Asked Questions Location and Zoning Backers and Business Owners
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
Are there limits to the number of Equity Joint Ventures a producer or dispensary facility can partner with?
A producer, DIA cultivator or dispensary facility can partner with no more than two Equity Joint Ventures.Licensing Frequently Asked Questions Social Equity Council Equity Joint Ventures