Principal Officers for Cannabis Companies

Send us a textPrincipal Officers for Cannabis Companies - They not only own the companies, but also are responsible for its management - or its control.  "Principal officer" includes a cannabis business establishment applicant or licensed cannabis business establishment's board member, owner with more than 1% interest of the total cannabis business establishment or more than 5% interest of the total cannabis business establishment of a publicly traded company, president, vice president, secretary, treasurer, partner, officer, member, manager member, or person with a profit sharing, financial interest, or revenue sharing arrangement. The definition includes a person with authority to control the cannabis business establishment, a person who assumes responsibility for the debts of the cannabis business establishment and who is further defined in this Act.https://www.cannabisindustrylawyer.com/what-is-principal-officer-for-a-cannabis-company-in-illinois/Support the showSupport the showGet our newsletter: https://bit.ly/3VEn9vu

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