§ 8-90. Definitions.

(a)

The following words, terms and phrases, when used in this article, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:

Applicant means and includes:

(1)

If an individual, that person making an application for a license under this article;

(2)

If a partnership, the partners owning five percent or more of the partnership, or all partners if there are 20 or more total partners in the partnership which is making application for a license under this article;

(3)

If a corporation, the president, vice-president, secretary, treasurer, the directors, manager and each stockholder owning five percent or more of the outstanding stock of the corporation which is making application for a license under this article.

Application means an application for a license submitted pursuant to this article.

Colorado Medical Marijuana Code means Article 43.3 of Title 12, C.R.S., as amended from time to time, and any rules or regulations promulgated thereunder.

Colorado Retail Marijuana Code means Article 43.4 of Title 12, C.R.S., as amended from time to time, and any rules or regulations promulgated thereunder.

Cultivation or cultivate means the process by which a person grows a marijuana plant.

Financial interest means any ownership interest, including, without limitation, a membership, directorship or officership, or any creditor interest, whether or not such interest is evidenced by any written document.

License means a document issued by the town officially authorizing an applicant to operate a business pursuant to this article.

Licensee means the person or entity to whom a license has been issued pursuant to this article.

Marijuana business means a medical marijuana business or retail marijuana business.

Medical marijuana business means a medical marijuana center, a medical marijuana optional premises cultivation operation, or a medical marijuana-infused products manufacturer, as further defined in the Colorado Medical Marijuana Code.

Retail marijuana business means a retail marijuana store, a retail marijuana cultivation facility, or a retail marijuana products manufacturer, as further defined in the Colorado Retail Marijuana Code.

Town clerk means the person occupying the office of town clerk of the Town of Log Lane Village, Colorado, or his designee.

(b)

In addition to the definitions contained in subsection (a) of this section, other terms used in this article shall have the meanings ascribed to them in sections 14 and 16 of article XVIII of the state constitution, the Colorado Medical Marijuana Code and the Colorado Retail Marijuana Code and such definitions are hereby incorporated into this article by this reference.

(Code 1987, § 8-4-2; Ord. No. 02-14, § 5(8-4-2), 7-30-2014)