§ 1141a.30. Capital requirements.
(a) An applicant for a grower/processor permit shall provide an affidavit that the applicant has at least $2 million in capital, $500,000 of which is on deposit with one or more financial institutions.
(b) An applicant for a dispensary permit shall provide an affidavit that the applicant has at least $150,000 on deposit with one or more financial institutions.
(c) The affidavit will be in a form prescribed by the Department.
(d) An applicant shall submit with the initial permit application a signed release allowing the Department to contact each financial institution listed in the application to verify the requirements of subsection (a) or (b).
Cross References This section cited in 28 Pa. Code § 1141a.29 (relating to initial permit application); and 28 Pa. Code § 1211a.24 (relating to capital requirements).
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