Pennsylvania Code & Bulletin

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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 52 Pa.B. 5624 (August 27, 2022).

28 Pa. Code § 1211.24. Capital requirements.

§ 1211.24. Capital requirements.

 An applicant shall provide all of the following information with its application under §  1211.27 (relating to application for approval of a clinical registrant):

   (1)  An affidavit, on a form prescribed by the Department, stating that the applicant has at least $15 million in capital, which must include evidence that the applicant meets the capital requirements of a medical marijuana organization under §  1141.30 (relating to capital requirements).

   (2)  A release sufficient to obtain information from a state governmental agency, financial institutions, an employer or any other person to verify the requirements of paragraph (1). Failure to provide a release will result in the rejection of the application for approval of a clinical registrant.

Cross References

   This section cited in 28 Pa. Code §  1211.27 (relating to application for approval of a clinical registrant).

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