Under the terms and conditions that are prescribed in the bylaws adopted by it, an association may admit as members or issue common stock only to persons engaged in the cultivation of a cannabis product that is to be handled by or through the association.
Cal. Bus. & Prof. Code § 26229
Members
Known as the Medicinal and Adult-Use Cannabis Regulation and Safety Act
The act spans §§ 26000 to 26308 (207 sections).
Added by Stats. 2017, Ch. 27, Sec. 107
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.