A memorandum regarding Establishing the Equitable Regulation of the Cannabis Industry in the City of Cambridge

b. For the first 2 years from the effective date provided in Section 10 below, the City shall issue a Cannabis Business permit to operate a Cannabis Retail Store pursuant to this Chapter only to Priority Applicants who are an Economic Empowerment Applicant.

050. Permitting Requirements:

a. In order to obtain a Cannabis Business permit pursuant to this Chapter, an applicant must certify that:

ADD the following criteria:

It will certify it is a business in good standing with no outstanding federal, state or local investigations or judgments pending against it.

If operating a Cannabis Retail Store, it will certify it will sell its products at the appropriate discount to holders of a Massachusetts Medical Marijuana Card for any qualifying Cannabis products sold in its store.

It will comply with disclosure requirements similar to Boston (attached to memorandum) including beneficial and controlling ownership, loan agreements and shelf space agreements.

Proposed Regulations:

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Based on the information disclosed in the application, the City Manager will not issue a license to an applicant if any third party has more than 50% stake (controlling interest) in the applying Cannabis Retail establishment and also has a controlling interest in any other licensed Cannabis Retail establishment in Cambridge.

The City Manager may impose other restrictions on third party control over shelf space, loans and other financial interests in Cannabis Retail establishments in Cambridge so as to ensure fairness, and to limit the amount of control any one party has over the licensed Cannabis Retail establishments in Cambridge.

Other Proposed Provisions:

Cannabis License Registry

The Community Development Department shall publish online a registry that lists all currently licensed cannabis establishments, the type(s) of licenses held by each establishment, the owner(s) name(s), and the physical address(es) of operation.The registry shall be accompanied by a map, showing the locations of all licensed establishments.