Court Appointees For Marijuana Businesses

Marijuana businesses - appointment of receiver - temporary appointee registrations - appropriation. Under current law, there are no provisions that specifically address what happens to a regulated marijuana business when a representative is appointed for the business. The act requires a potential appointee to certify to the court prior to the appointment that he or she is suitable to hold a marijuana business license. After the appointment, the appointee shall apply to the state licensing authority for a finding of suitability. The state licensing authority must provide the appointee with a temporary appointee registration after receiving notification of the initial appointment. The act gives the state licensing authority rule-making authority regarding temporary appointee registrations.

The act appropriates $28,950 from the marijuana cash tax fund to the department of revenue to implement the act. $14,918 is reappropriated to the department of law for legal services to the department of revenue.

(Note: This summary applies to this bill as enacted.)