Marijuana Business Owners and Investors

There are specific regulatory and statutory provisions detailing what requirements must be met in order to own or invest in a Colorado marijuana business, please ensure you meet the statutory criteria specific to the industry in which you plan to own or invest in a business by reviewing the appropriate resource: 

  • Colorado Revised Statutes (C.R.S.)  this link will take you to an accessible copy of the Colorado Revised Statutes (C.R.S.) hosted by Lexis Nexis
    • Medical Marijuana Code: 44-11-307 Persons prohibited as [MED] licensees and 44-11-307.5 Business owners requirements 
    • Retail Marijuana Code 44-11-306 Persons prohibited as [MED] licensees and 44-12-306.5 Business owner requirements 
  • Official Code of Colorado Regulation (CCR) — this link will take you to the Colorado Secretary of State website

Please note that the MED cannot provide legal advice; you may want to seek legal counsel if you have questions regarding an interpretation of the above references. 

Colorado Marijuana Business Owners​​

  • Associated Key Person License: The majority of individuals that intend to own a Colorado Medical or Retail Marijuana Business should submit a MED Associated Key License Application, this includes each natural person, shareholder, officer, director, member, partner or Closely Held Business Entity* that is a: 
    • Direct Beneficial Interest Owner* (the large majority of owners fall into this category)
    • Qualified Limited Passive Investor* (owns less than 5% of the business)

Fingerprints are required with the submission of this application. You may visit any MED office to have your fingerprints taken or use a  Third-Party Fingerprint Service vendor. 

All MED Applications and Forms may be downloaded from the MED Applications and Forms Page.

* These terms are defined in C.R.S. 44-11-104 — Definitions C.R.S. - the Medical Marijuana Code and 44-12-103 — Definitions C.R.S - the Retail Marijuana Code.