|
License Type |
Required Capitalization Amount |
|
Grower Class A |
$150,000 |
|
Grower Class B |
$300,000 |
|
Grower Class C |
$500,000 |
|
Processor |
$300,000 |
|
Provisioning Center |
$300,000 |
|
Safety Compliance Facility |
$200,000 |
|
Secure Transporter |
$200,000 |
The capitalization sources can be demonstrated as follows:
- At least 25% is in liquid assets. Liquid assets include assets easily convertible to cash. Examples of liquid assets may include, cash, CD’s, 401(k), stocks, and bonds.
- Remaining capitalization may be evidenced in either additional liquid assets or non-liquid forms, for example equity in real property, supplies, equipment, and fixtures.
- Evidence must be provided proving the current value and that there is no lien or encumbrance on the asset provided as a source of capitalization.
The capitalization amounts and sources must be validated by Certified Public Accountant (CPA) attested financial statements (CPA Attestation).