Speier, Brien: Criteria to open a marijuana business in Colorado
March 29, 2016
This is the criteria we, and every other marijuana business in the state, has to meet to be able to apply to the Marijuana Enforcement Division for any kind of recreational marijuana license.
Business License Applicant Criteria – Retail Marijuana
In order to be eligible to apply for a Marijuana Enforcement Division (MED) Retail Marijuana Business License all owners must meet each of the following statutory requirements (C.R.S. 12-43.4-306):
Must be resident of state for two years prior to application,
Must be 21 years of age,
May not have any Controlled Substance felony conviction in the ten years immediately preceding his or her application date or five years from May 28, 2013, whichever is longer*
May not have any other felony convictions that have not been fully discharged for five years immediately preceding his or her application date
May not be financed in whole or in part by any other person whose criminal history indicates he or she is not a good moral character after considering the factors in section C.R.S. 24-5-101 (2) and reputation satisfactory to the respective licensing authority
May not have a criminal history that indicates that he or she is not of good moral character after considering the factors in C.R.S. 24-5-101 (2)
May not employ, be assisted by or financed in whole in in part by any other person whose criminal history indicates he or she is not of good character and reputation;
May not be a sheriff, deputy sheriff, police office, prosecuting officer or be an employee of a local or State Licensing Authority, and
May not employ any person at the Retail Marijuana business that has not passed a criminal history record check (obtained an MED Occupational License)
The Licensing Authority may grant a license to a person if the person has a state felony conviction based on possession or use of marijuana or marijuana concentrate that would not be a felony if the person were convicted of the offense on the date he or she applied.
Meeting these requirements was our very first step in deciding to start our business. In our next educational column we will detail the Associated Key License Application. It is a requirement of each individual owner to submit this application to the state to obtain the conditional license we currently posses. The following column will detail the actual regulations retail marijuana businesses are held to by the state once a license is obtained and finally after that we will detail Grand County regulations that we will be held to as well.
Kevin Speier and Matthew Brien own MMK Limited in Grand County. Look for their column every month in the Sky-Hi News