An applicant for a license to operate as a dispensing organization is eligible for the license if:
(1) as determined by the department, the applicant possesses:
(A) the technical and technological ability to cultivate and produce low-THC cannabis;
(B) the ability to secure:
(i) the resources and personnel necessary to operate as a dispensing organization; and
(ii) premises reasonably located to allow patients listed on the compassionate-use registry access to the organization through existing infrastructure;
(C) the ability to maintain accountability for the raw materials, the finished product, and any by-products used or produced in the cultivation or production of low-THC cannabis to prevent unlawful access to or unlawful diversion or possession of those materials, products, or by-products; and
(D) the financial ability to maintain operations for not less than two years from the date of application;
(2) each director, owner, manager, member, or employee of the applicant is registered under Subchapter D; and
(3) the applicant satisfies any additional criteria determined by the director to be necessary to safely implement this chapter.