35 Miss. Code. R. 11-1-108

Current through December 10, 2024

Section 35-11-1-108 - Economic Interest

"Economic Interest" means holding an ownership interest as a sole proprietor, partner, limited partner, member holding at least a 10% equity or similar interest, stockholder owning at least 10% of available stock, or any other type of interest that entitles the individual or entity to regular payments for amounts based on a percentage of revenue derived from the sale of cannabis or cannabis products in any licensed dispensary. This definition excludes the following:

1. Any investment that the investor does not control in nature, amount or timing, including mutual funds, group investments, etc.;

2. Lenders that have provided a loan to the dispensary where the repayment amounts for the loan are regular flat fee payments;

3. Operators under management agreements where the fee paid to management company is a flat monthly rate or is a percentage fee equal to less than 10% of the monthly gross revenue of the dispensary; or

4. Landlords that are receiving flat monthly rate lease payments from the dispensary.

35 Miss. Code. R. 11-1-108

Adopted 7/1/2022