Pennsylvania Code
Title 28 - HEALTH AND SAFETY
Part IXa - MEDICAL MARIJUANA
Chapter 1141a - GENERAL PROVISIONS
Section 1141a.30 - Capital requirements

Universal Citation: 28 PA Code ยง 1141a.30

Current through Register Vol. 54, No. 44, November 2, 2024

(a) An applicant for a grower/processor permit shall provide an affidavit that the applicant has at least $2 million in capital, $500,000 of which is on deposit with one or more financial institutions.

(b) An applicant for a dispensary permit shall provide an affidavit that the applicant has at least $150,000 on deposit with one or more financial institutions.

(c) The affidavit will be in a form prescribed by the Department.

(d) An applicant shall submit with the initial permit application a signed release allowing the Department to contact each financial institution listed in the application to verify the requirements of subsection (a) or (b).

This section cited in 28 Pa. Code § 1141a.29 (relating to initial permit application); and 28 Pa. Code § 1211a.24 (relating to capital requirements).

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