Cannabis - Management Service Agreements, Advertising, and Penalties - Alterations (Cannabis Reform and Opportunity Act)

Summary

The measure changes how “control” of a cannabis company is defined, letting certain management contracts, franchise relationships and purchase options fall outside that definition. It also shortens the waiting period before a licensee can sell or transfer its license, permits more outdoor advertising away from schools, and raises fines for illegal sales. These changes affect license holders, investors, and advertisers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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