Cultivation Organization Licenses

QTA Consultants, Ltd.

Cultivation Organization Licenses

Adult Use Cultivation Organization Licenses
Early Adult Use Cultivation Center License	Current medical licensees only, only ones who can sell 1/1/2020, May apply within 60 days, no later than 180 days $100K non-refundable fee Cannabis Dev Fund Payment lesser of 5% of sales 6/1/18-6/1/19 or $750k; $250K floor Social equity contribution lesser of 5% of sales 6/1/18-6/1/19 or $100k May begin producing when accepted, begin selling Dec 1, 2019 Expires March 31, 2021 $100k renewal fee Fee may be adjusted after 1/1/2021 Cannot hold ownership in more than 3 Not more than 210K sq ft per facility
Conditional Adult Use Cultivation Center License	No financial reporting required The top scorer, reserves the right to license if meets the conditions Could award up to 30, currently 21 no timeline for licensing, based on discretion $100k application fee, may be adjusted No financial reporting required
Craft Grover License	Up to 40 licenses by 7/1/2020 Up to 5k sq ft of flowering canopy, increased in increments of 3k sq ft up to 14k sq ft may only hold 1 until 2nd round, cannot sell until 12/21/2021 “Shall” by 12/21/2021 issue up to 60 additional licenses, cannot hold more than 2 After 1/1/2022 may modify or raise licenses not to exceed 150, cannot hold more than 3 $5k application fee, may be reset after 1/1/2021 $40k license fee, may be reset after 1/1/2021 $40k renewal fee, may be reset after 1/1/2021

Adult Use Cultivation Organization Licenses

Early Adult Use Cultivation Center License

Current medical licensees only, only ones who can sell 1/1/2020,

May apply within 60 days, no later than 180 days

$100K non-refundable fee

Cannabis Dev Fund Payment lesser of 5% of sales 6/1/18-6/1/19 or $750k; $250K floor Social equity contribution lesser of 5% of sales 6/1/18-6/1/19 or $100k

May begin producing when accepted, begin selling Dec 1, 2019

Expires March 31, 2021

$100k renewal fee

Fee may be adjusted after 1/1/2021

Cannot hold ownership in more than 3

Not more than 210K sq ft per facility

Conditional Adult Use Cultivation Center License

No financial reporting required

The top scorer, reserves the right to license if meets the conditions

Could award up to 30, currently 21 no timeline for licensing, based on discretion $100k application fee, may be adjusted

No financial reporting required

Craft Grover License

Up to 40 licenses by 7/1/2020

Up to 5k sq ft of flowering canopy, increased in increments of 3k sq ft up to 14k sq ft may only hold 1 until 2nd round, cannot sell until 12/21/2021

“Shall” by 12/21/2021 issue up to 60 additional licenses, cannot hold more than 2

After 1/1/2022 may modify or raise licenses not to exceed 150, cannot hold more than 3 $5k application fee, may be reset after 1/1/2021

$40k license fee, may be reset after 1/1/2021

$40k renewal fee, may be reset after 1/1/2021

Licenses
Infuser Organization	Up to 40 licenses by 7/1/2020 applications available 1/7/2020 By 12/21/2021 may issue an additional 60 licenses $5k non-refundable app fee, discretionary changes after 1/1/2021 $5k license fee No financial reporting
Transporting Organization	Application available 1/7/2020 Application due by March 15 licenses issued by 7/1/2020 $5k fee, discretionary changes after 1/1/2021 May hold transport and other licenses $10k license fee, prorated, may be adjusted after 1/1/2021 No financial reporting
Processing Organization	Means a facility operated by an organization or business that is licensed by the Department of Agriculture to either extract constituent Chemicals or compounds to produce cannabis concentrate or Incorporate cannabis or cannabis concentrate into a product Formulation to produce a cannabis product
Cannabis Testing Facility	No specific timeline or caps

Cultivation Organization License Services

QTA TAX, LTD provides tax, accounting, and consulting services to dental practices throughout the Chicagoland area and the Midwest. Our experience encompasses practice specialties that include general and pediatric dentistry, orthodontics, periodontics, endodontics, and maxillofacial surgery. Our services are designed to inform and guide our clients at every stage of their practice’s lifecycle – from start-up through dissolution, merger, or sale. At QTA TAX, LTD you’ll feel understood and connected. From setting up accounting systems and preparing monthly financial analysis to tax planning and offering critical transactional advice to buyers and sellers, we work side-by-side with you to meet financial, business, and retirement goals.

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