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This application form is used by proposed new cannabis business entity license owners and principal officers to report changes in licensee contact information and to certify these changes to the Department of Agriculture. It includes sections to provide key contact information, certify changes, and submit necessary documentation regarding ownership transfers, including Power of Attorney designations.

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How to fill out new ownership or principal

01

Gather all necessary documents related to the ownership or principal change.

02

Clearly identify the current owners or principals and the new individuals being added.

03

Complete the required forms for new ownership or principal, including any signatures needed.

04

Submit the forms to the appropriate governing body or institution for processing.

05

Follow up to ensure that the changes have been recorded correctly.

Who needs new ownership or principal?

01

Business owners looking to transfer or modify ownership stakes.

02

Companies undergoing mergers or acquisitions.

03

Organizations with changes in their leadership structure.

04

Legal entities requiring updates to their official registration documents.

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What is new ownership or principal?

New ownership or principal refers to a change in the individual or entity that holds the primary legal responsibilities or rights in a business or property.

Who is required to file new ownership or principal?

Individuals or entities that experience a change in ownership or the principal stakeholders of a business are required to file new ownership or principal.

How to fill out new ownership or principal?

To fill out new ownership or principal, you should provide detailed information regarding the new owners, their roles, and any supporting documentation required by the relevant authority.

What is the purpose of new ownership or principal?

The purpose of new ownership or principal is to officially document changes in ownership, ensuring compliance with regulations and facilitating transparency.

What information must be reported on new ownership or principal?

Information that must be reported includes the names and addresses of the new owners, their respective ownership percentages, and any other relevant details as stipulated by governing regulations.

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