§ 20-2A-21 — Commission Members Prohibited from Certain Economic Interests

Alabama § 20-2A-21

• Jurisdiction: Alabama
• Title 20: Food, Drugs and Cosmetics
• Ch. 2A: Darren Wesley “Ato” Hall Compassion Act
• Art. 2: Alabama Medical Cannabis Commission

Text

(a) A member of the commission and any individual employed by the commission may not be an owner, shareholder, director, or board member of, or otherwise have any economic interest in, a licensee. In addition, a member or employee of the commission may not have any family member who is employed by a licensee. A member or employee of the commission or his or her family member may not have an interest of any kind in any building, fixture, or premises occupied by any person licensed under this chapter; and may not own any stock or have any interest of any kind, direct or indirect, pecuniary or otherwise, by a loan, mortgage, gift, or guarantee of payment of a loan, in any licensee.
(b) A member or employee of the commission may not accept any gift, favor, merchandise, donation, contribution, or any article or thing of value, from any person licensed under this chapter.
(c) Any individual violating this section shall be terminated from employment or position, and as a consequence, the individual shall forfeit any pay or compensation which might be due.
(d) For purposes of this section, family member includes a spouse, child, parent, or sibling, by blood or marriage.
(e) A former member of the commission, for a period of two years after leaving service as a member of the commission, may not be an owner, shareholder, director, board member, or otherwise have an economic interest in an applicant or license issued under Article 4.
(f) In addition to any violation of Chapter 25 of Title 36, a violation of this section is a Class C misdemeanor.

Legislative History

(Act 2021-450, §1.)