(A) Issuance of a cannabis business permit does not create an entitlement, interest of value, does not run with the land, is not transferable, and automatically terminates upon transfer of ownership.
(B) A permittee shall not transfer ownership or control of any cannabis business permit to another person. Any attempt to do so shall cause the cannabis business permit(s) to be automatically revoked.
(C) Whenever a permittee changes its business structure ownership or substantially changes the ownership of the cannabis business (changes that result in a change of more than 51% of the original ownership), must be approved by the Administrative Officer or his/her designee through the transfer process contained in this section. Failure to comply with this provision is grounds for permit revocation.
(D) A permittee may change the form of business entity without applying to the Administrative Officer or his/her designee for a transfer of permit, provided that either:
(1) The membership of the new business entity is substantially similar to original permit holder business entity (at least 51% of the membership is identical); or
(2) If the original permittee is an unincorporated association, mutual or public benefit corporation, agricultural or consumer cooperative corporation, and subsequently transitions to or forms a new business entity as allowed under the MAUCRSA and in compliance with § 7.02.055(B), provided that the Board of Directors (or in the case of an unincorporated association, the individual(s) listed on the county permit application) of the original permittee entity are the same as the new business entity.
(3) Although a transfer is not required in these two circumstances, the permit holder is required to notify the Administrative Officer in writing of the change within ten days of the change. Failure to comply with this provision is grounds for permit revocation.
(E) No cannabis business permit may be transferred when the Administrative Officer or his/her designee has notified the permittee that the permit has been or may be suspended or revoked.
(F) Any attempt to transfer a cannabis business permit either directly or indirectly in violation of this section is hereby declared void, and such a purported transfer shall be deemed a ground for revocation of the permit.
(Ord. 974, § 1, 2018)