South Dakota Administrative Rules
Title 44 - Department of Health
Article 44:90 - MEDICAL CANNABIS
Chapter 44:90:03 - Registration certificates
Section 44:90:03:04 - Transfer of ownership

Universal Citation: SD Admin Rules 44:90:03:04

Current through Register Vol. 51, page 43, September 23, 2024

The transfer of any ownership interest in a medical cannabis establishment of 50 percent or more to a party not already approved by the department as an owner of the establishment requires the submission of an initial application pursuant to § 44:90:03:01.

The department may permit the transfer of an ownership interest in a medical cannabis establishment of less than 50 percent to a party not already approved by the department as an owner of the establishment if:

(1) The establishment is operating in substantial compliance with its department-approved operating procedures or can demonstrate that circumstances beyond its control prevented such operation;

(2) The establishment provides advance written notification to the department;

(3) The new owners meet all requirements of this article; and

(4) The city or county issues any required registration, license or permit to the establishment's new owners.

Nothing in this section shall be interpreted to require a city or county to approve a transfer of ownership.

General Authority: SDCL 34-20G-72(2).

Law Implemented: SDCL 34-20G-55(1), 34-20G-57, 34-20G-61.

Disclaimer: These regulations may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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