Medical Marijuana Panel Revises Financial History Rules

BALTIMORE (AP) — State regulators have given preliminary approval to a revised plan for scrutinizing the financial histories of those seeking licenses to grow and dispense medical marijuana.

The Daily Record of Baltimore reports (http://bit.ly/294j387) the policy committee of the Natalie M. LaPrade Medical Cannabis Commission scrapped a proposal Tuesday that would have required detailed financial data from businesses and each of their employees.

Committee Chair Eric Sterling says the committee instead approved a three-tiered system that doesn’t include low-level workers in the auditing process. Lower-level employees would still face background checks.

The committee also voted to extend the window in which applicants were required to provide the financial records from 30 days to 90 days.

Changes adopted by the committee must still be presented to the full commission for approval.

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Information from: The Daily Record of Baltimore, http://www.thedailyrecord.com

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