North Dakota pharmacy ownership law dates back to 1963. It states that only registered pharmacists may own and operate pharmacies within the state. More specifically, it requires the sole proprietor of a pharmacy to be a registered pharmacist. For corporations, the law requires that the majority of the corporation’s stock must be owned by registered pharmacists. It’s safe to say that the majority of Wal-Mart’s, CVS’ and Walgreens’ shareholders probably aren’t pharmacists.