15-64-101. Definitions. As used in this part, the following definitions apply:

Terms Used In Montana Code 15-64-101

  • Adult-use dispensary: has the meaning provided in 16-12-102. See Montana Code 15-64-101
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Department: means the department of revenue provided for in 2-15-1301. See Montana Code 15-64-101
  • Dispensary: means an adult-use dispensary or a medical marijuana dispensary. See Montana Code 15-64-101
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Licensee: means a licensee operating an adult-use dispensary or a medical marijuana dispensary. See Montana Code 15-64-101
  • Marijuana: has the meaning provided in 16-12-102. See Montana Code 15-64-101
  • Marijuana product: has the meaning provided in 16-12-102. See Montana Code 15-64-101
  • Medical marijuana dispensary: has the meaning provided in 16-12-102. See Montana Code 15-64-101
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: means an individual, firm, partnership, corporation, association, company, committee, other group of persons, or other business entity, however formed. See Montana Code 15-64-101

(1)”Adult-use dispensary” has the meaning provided in 16-12-102.

(2)”Customer” means a person to whom a sale of marijuana or a marijuana product is made.

(3)”Department” means the department of revenue provided for in 2-15-1301.

(4)”Dispensary” means an adult-use dispensary or a medical marijuana dispensary.

(5)”Licensee” means a licensee operating an adult-use dispensary or a medical marijuana dispensary.

(6)”Marijuana” has the meaning provided in 16-12-102.

(7)”Marijuana product” has the meaning provided in 16-12-102.

(8)”Medical marijuana dispensary” has the meaning provided in 16-12-102.

(9)”Person” means an individual, firm, partnership, corporation, association, company, committee, other group of persons, or other business entity, however formed.

(10)”Retail price” means the established price for which an adult-use dispensary or medical marijuana dispensary sells marijuana or a marijuana product to a purchaser before any discount or reduction.

(11)”Sale” or “sell” means any transfer of marijuana or marijuana products for consideration, exchange, barter, gift, offer for sale, or distribution in any manner or by any means.