Nevada Revised Statutes 678B.350 – Owners with 5 percent or more ownership interest required to register with Board; requirements for registration
1. In addition to the requirements set forth in NRS 678B.340, a person shall not hold an ownership interest in a cannabis establishment of 5 percent or more unless the person first secures a cannabis establishment agent registration card for a cannabis executive issued by the Board.
Terms Used In Nevada Revised Statutes 678B.350
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. A person who wishes to hold an ownership interest in a cannabis establishment of 5 percent or more shall submit to the Board an application on a form prescribed by the Board. The application must be accompanied by:
(a) The name, address and date of birth of the applicant;
(b) A statement signed by the applicant asserting that he or she has not previously had a cannabis establishment agent registration card for a cannabis executive revoked;
(c) A complete set of the fingerprints and written permission of the applicant authorizing the Board to forward the fingerprints to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for its report;
(d) Any information required by the Board to complete an investigation into the background of the applicant, including, without limitation, financial records and other information relating to the business affairs of the applicant;
(e) The application fee, as set forth in NRS 678B.390; and
(f) Such other information as the Board may require by regulation.
3. If the Board determines the applicant is qualified to receive a cannabis establishment agent registration card for a cannabis executive pursuant to NRS 678B.200, the Board shall issue to the person a cannabis establishment agent registration card for a cannabis executive.
4. A cannabis establishment agent registration card for a cannabis executive expires 2 years after the date of issuance and may be renewed upon:
(a) Resubmission of the information set forth in this section; and
(b) Payment of the renewal fee set forth in NRS 678B.390.
5. A person to whom a cannabis establishment agent registration card for a cannabis executive is issued or for whom such a registration card is renewed shall submit to the Board on the date of the first anniversary of the issuance or renewal an affidavit attesting that in the preceding year there has been no change in the information previously provided to the Board which would subject the person to disciplinary action by the Board.