§ 36–1401

Statutes in effect as of October 1, 2026.

Md. Code Ann., Alco. Bev. § 36-1401 (2026)

Title 36. Medical and Adult-Use Cannabis

Subtitle 14. Capital Access Program

(a)

In this subtitle the following words have the meanings indicated.

(b)

“Borrower” means a business that:

(1)

qualifies as a small business under the U.S. Small Business Administration size standards;

(2)

applies to a lender for business financing; and

(3)

has fewer than 50 employees.

(c)

“Department” means the Department of Commerce.

(d)

“Lender” means:

(1)

a credit union, as defined in § 1–101 of the Financial Institutions Article;

(2)

a financial institution, as defined in § 1–101 of the Financial Institutions Article; or

(3)

a community development financial institution, as defined in 12 U.S.C. § 4702(5).

(e)

“Program” means the Capital Access Program established under this subtitle.