W. Va. Code R. § 64-109-25
Current through Register Vol. XLI, No. 50, December 13, 2024
Section 64-109-25 - Capital requirements25.1. An applicant for grower/processor permit must provide an affidavit that the applicant has at least two million dollars in capital, $500,000 of which must be on deposit with one or more financial institutions.25.2. An applicant for a dispensary permit must provide an affidavit that the applicant has at least $150,000 on deposit with one or more financial institutions.25.3. The affidavit must be in a form as prescribed by the bureau.25.4. An applicant must submit with the initial permit application a signed release allowing the bureau to contact each financial institution listed in the application to verify the requirements of subsections 25.1 and 25.2.W. Va. Code R. § 64-109-25