Licensing and Regulatory Affairs
The MMFLA states that each license is exclusive to the licensee. If a licensee would like to transfer, sale, or purchase a license they will need to apply for and receive approval from the Agency. The act stipulates that this applies to the transfer or sale of more than 1% of the license. The attempted sale or transfer of 1% or more of the license without board approval is grounds for suspension or revocation of the license.