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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:
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
Please use the MED Associated Key License Application to apply for this type of license.
Once you have received approval of your Pre-Suitability application, only the first page of the Associated Key Application and your MED Pre-Suitability Approval Letter need be submitted with whatever business license application is necessary to associate you with the Colorado marijuana business of which you plan to be an owner – those options include:
Commercially Reasonable Royalty**
Employee Profit Sharing Plan
Qualified Institutional Investor*
To apply for an IBIO, please use the Indirect Beneficial Interest Owners Application
Colorado Marijuana Business Investors:
Permitted Economic Interest* (PEI): an individual (a natural person) that has an unsecured debt against a MED licensed marijuana business that is convertible to an ownership interest in that business. Generally, this is a promissory note, but other financial instruments may be used. Please use the Permitted Economic Interest Registration form to apply for a PEI.
All 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.
** These terms are defined in the Colorado Code of Regulation (CCR) Medical Marijuana Rules 1 CCR 212-1 M103 — Definitions Retail Marijuana Rules 1 CCR 212-2 R 103 — Definitions.