(a) (1) In this section, 'owner' includes any type of owner or beneficiary of a business entity, including a principal officer, a director, a principal employee, a partner, an investor, or a beneficial owner of the business entity and, notwithstanding any other provision of this subtitle, a person having any ownership interest regardless of the percentage of ownership interest. (2) 'Owner' does not include a stockholder. (b) The provisions in this section are in addition to the conflict of interest provisions in Title 5 of the General Provisions Article. (c) Except as provided in subsection (d) of this section, a constitutional officer or a secretary of a principal department of the Executive Branch of the State government may not: (1) be an owner or an employee of a business entity that holds a license or registration under this title; or (2) have an official relationship with a business entity that holds a license or registration under this title. (d) Subject to the provisions of Title 5 of the General Provisions Article, a constitutional officer or a secretary of a principal department of the Executive Branch of the State government may remain an owner or an employee of a of Title 5 of the General Provisions Article, a constitutional officer or a secretary of a principal department of the Executive Branch of the State government may remain an owner or an employee of a business entity that holds a license under this title if the constitutional officer or secretary was an owner or employee of the business entity before the constitutional officer’s election or appointment or the secretary’s appointment. (e) A member of the General Assembly may not: (1) be an owner or an employee of a business entity that holds a license or registration under this title; or (2) have an official relationship with a business entity that holds a license or registration under this title. (f) A former member of the General Assembly, for the 1–year period immediately after the member leaves office, may not: (1) be an owner or an employee of a business entity that holds a license or registration under this title; or (2) have an official relationship with a business entity that holds a license or registration under this title. (g) An employee of the Administration may not: (1) have a direct or indirect financial, ownership, or management interest, including ownership of any holds a license or registration under this title. (g) An employee of the Administration may not: (1) have a direct or indirect financial, ownership, or management interest, including ownership of any stocks, bonds, or other similar financial instruments, in any cannabis licensee; (2) have an official relationship with a person who holds a license or registration under this title; (3) be an elected official of State or local government; (4) receive or share in, directly or indirectly, the receipts or proceeds of a cannabis licensee; or (5) have a beneficial interest in a contract for the manufacture or sale of cannabis or the provision of independent consulting services in connection with a cannabis license.
Maryland Legal Code