the ownership or beneficial holding of 5% or more of the
securities of the publicly traded entity.
(2) For a privately held entity, the ownership of any
security in the company.
"Department." The Department of Health of the Commonwealth.
"Disadvantaged business." A business that is owned or
controlled by a majority of persons, not limited to members of
minority groups, who are subject to racial or ethnic prejudice
or cultural bias.
"Dispensary." As defined in section 103 of the Medical
Marijuana Act.
"Diverse business." A disadvantaged business, minority-owned
or women-owned business or service-disabled veteran-owned or
veteran-owned small business that has been certified by a third-
party certifying organization.
"Financial backer." An investor, mortgagee, bondholder, note
holder or other source of equity, capital or other assets, other
than a financial institution.
"Grower/processor." As defined in section 103 of the Medical
Marijuana Act.
"Independent local dispensary." An organization that meets
the conditions under section 3(a) and holds a dispensary license
under the Medical Marijuana Act.
"Medical marijuana." Marijuana certified for medical use as
provided for under the Medical Marijuana Act.
"Medical Marijuana Act." The act of April 17, 2016 (P.L.84,
No.16), known as the Medical Marijuana Act.
"Medical marijuana organization." As defined in section 103
of the Medical Marijuana Act.
"Parent entity." An entity which owns or has a controlling
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