Regulated Marijuana definition
Examples of Regulated Marijuana in a sentence
If the CBO holds a position within the Company or its Affiliates (as defined by MED rule) as a director, an executive officer, or a manager, or exercises Control (as defined by MED rule) over any Regulated Marijuana Business, and is found unsuitable by the MED, is prohibited from holding a license by MED rule, or has an Owner License (as defined by MED rule) revoked by final, non-appealable agency action, the CBO shall immediately resign from such position.
Parent is not an “Ineligible Issuer,” “Blank Check Company,” “▇▇▇▇▇ Stock,” “Shell Company” and/or “Bad Actor” as defined under Colorado Cannabis Laws (i) none of its Executive Officers nor (ii) any of its Beneficial Owners that will directly or indirectly acquire ten percent or more of the Companies, are, to the best of Parent’s knowledge and belief, unsuitable to become licensed as Controlling Beneficial Owners of a Regulated Marijuana Business pursuant to the Colorado Cannabis Laws.
All Collateral that constitutes Regulated Marijuana, as defined in Code of Colorado Regulations 1 CCR 212-3, is subject to all required suitability and application requirements of Code of Colorado Regulations 1 CCR 212-3.
In the case of Collateral that constitutes Regulated Marijuana, as defined in Code of Colorado Regulations 1 CCR 212-3, such Collateral shall be subject to all required suitability and application requirements of Code of Colorado Regulations 1 CCR 212-3.