Maryland Cannabis Administration (MCA) Creditor Registration

This registration form is for creditors who are interested in, or are already exploring an agreement with a cannabis licensee using the license as collateral for the loan. This process is governed under COMAR 14.17.17. While a creditor may obtain a security interest in the value of the license, a creditor may not obtain operational control of a cannabis license in the event of a default. Rather, the license will go into receivership. The requirements, eligibility, and responsibility of a receiver may be found under COMAR 14.17.17.03-.05. It is incumbent upon the creditor to identify a receiver who meets the eligibility requirements under 14.17.17 and submit the receiver for MCA review and approval.

Name of Creditor

Is creditor a financial institution or business?

Evidence that financial institution/business is registered to do business in Maryland.

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Have you identified a licensed entity that you wish to invest in?

Licensee DBA/Entity Name

Licensee Number

I understand that as a creditor for a cannabis license:

The agreement, selection of receiver, and any subsequent disposition of a Maryland cannabis license is subject to MCA review and approval.
Any person who files any receivership or trustee action involving any cannabis license shall provide the MCA with original notice of the action in one business day and in a manner specified by the MCA.
If the licensee is the subject of an order requiring appointment of a receiver, I must select an MCA-registered receiver to oversee the disposition of a cannabis license. Within 10 business days of a court order requiring appointment of a receiver, I am required to submit to the documentation listed in COMAR 14.17.17.03B.
Any receivership or disposition of a cannabis license is subject to COMAR 14.17.17.
As a creditor, I am not able to obtain control of the cannabis license in the event of default on a loan agreement issued under this regulation or agreement unless the Maryland Cannabis Administration approves a transfer of ownership and/or control to the creditor pursuant to the transfer process set forth in COMAR 14.17.06.04 and 14.17.07.04.

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I have read and acknowledge the above statements.

Signature of Creditor

First Name

Last Name

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I agree to electronically sign and to create a legally binding contract between the other party and myself, or the entity I am authorized to represent.

The Creditor Registration will be reviewed within 30 days of submission. The MCA may contact you to request any additional information needed to process your application.