Please confirm if a Labor Peace Agreement is required to submit with an application or not?
The Labor Peace Agreement is not required to be submitted with the original application. Pursuant to Ordinance 977 C.S., 6-5.13 (G), applicants that have not yet entered into a labor peace agreement shall provide a notarized statement indicating that within 30-days of cannabis permit from the City, the applicant will enter into and abide by the labor peace agreement.
Could you please specify the proof of insurance requirements?
The Commercial Cannabis Business Application requires the applicant to, at minimum, show proof of insurability. Actual insurance policies do not need to be submitted but will be required prior to the awarding of the business permit. A simple letter on company letterhead stating that the applicant is eligible to be insured upon the issuance of a cannabis permit would be acceptable.
If any applicant entity is 100% owned by another entity, should the owners of the owning entity be disclosed on the Ownership Form? How do we not make it confusing and disclose both the entity that owns 100% and all owners that own a different percentage of the head entity?
Yes. The applicant should provide a detailed description of the ownership structure. If the applicant is an entity then all entities and individuals with a financial interest in the entity shall be disclosed to the City and may be considered owners of the commercial cannabis business as defined in Ordinance 977 C.S., 6-5.06 Definitions (T)(6). This includes all entities in a multi-layer business structure, as well as the chief executive officer, members of the board of directors, partners, trustees, and all persons who have control of a trust and managing members or non-member managers of the entity. Each entity disclosed as having a financial interest must disclose the identities of persons holding financial interests until only individuals remain.
Will only the owners disclosed on the Ownership form be allowed to interview?
Yes. Only the owners disclosed on page 3 of the Commercial Cannabis Business Application will be allowed to participate in the interview process.
Will managers who do not own any equity or financial interest and are not included on the ownership form be allowed to interview?
No. Managers who do not own any equity or financial interest or are not disclosed on page 3 of the Commercial Cannabis Business Application will not be allowed to interview.
Where can we find a detailed score breakdown of each section?
HDL’s evaluation report will be disclosed on future FAQs prior to the June 20, 2022, close date.
Do we have to provide proof of residency?
Yes. Pursuant to page 12 of the Application Procedures and Guidelines Standard, applicants attempting to prove compliance with the local ownership requirement need to show verifiable evidence by way of mortgage statements, lease agreements, tax bills, utility bills, or any other documentation capable of established residency prior to the June 1, 2021 date.