Marijuana Regulatory Agency
Per the administrative rules, applicants and licensees shall report to the Marijuana Regulatory Agency (MRA) any proposed material changes to a marijuana business before making a material change that may require prior authorization by the MRA. Proposed changes to a marijuana business require approval from the MRA before the change can be implemented.
Do you have questions about your proposed amendment? See our Frequently Asked Questions for additional information.
Changes that require an Amendment Application:
Ownership Changes (Add/Remove/Change Equity Stake): Changes include, but are not limited to, the following: Change in owners, officers, members or managers and/or the addition or removal of persons named in the application or disclosed.
Purchasing an Entity: Changes include, but are not limited to, the following: Change in owners, officers, members or managers and/or the addition or removal of persons named in the application or disclosed. In the scenario where an individual or entity is proposing to purchase a 100% equity stake, the purchaser would submit an amendment application for an ownership change.
Change in Legal Entity Name: This would be a change of the official business name (the name that would be filed on the business tax returns). This is not to be confused with any assumed name the business may be operating under.
Converting an Entity: Converting a business from a Corporation to a Limited Liability Company or vice-versa may result in a change to the equity stake held by individuals/entities involved in the main-applicant (license holding) entity. The administrative rules identify applicants differently between a Corporation and a Limited Liability Company which may result in individuals/entities being added or removed from disclosure with the entity.
Asset Purchase: Changes include, but are not limited to, the following: Any attempted transfer, sale, or conveyance of an interest in a marijuana license. The direct purchase and/or transfer of a license from one entity to another will not be permitted. The purchase of all assets of a marijuana facility and/or establishment in order to operate the location under a new entity requires a proposed amendment application to be submitted to the MRA.
Changes that require a Demographic Amendment Application:
Demographic Changes: Changes include the following: Individual's name, mailing address, email address or phone number.
Addition of an Assumed Name: Change in the name the business is operating under. This is not to be confused with a change in the legal name.
Changes that require a Reporting Form:
Reporting Form: Please select the following link for a list of changes that would require the submission of a reporting form Reporting Form Information.