(1) If the marijuana product provider fails to file any return required by 15-64-103 within the time required, the department may, at any time, audit the marijuana product
provider or estimate the taxes due from any information in its possession and, based
on the audit or estimate, assess the marijuana product provider for the taxes, penalties,
and interest due the state.
(2) The department shall impose penalty and interest as provided in 15-1-216. The department shall mail to the marijuana product provider a notice, pursuant to
15-1-211, of the tax, penalty, and interest proposed to be assessed. The notice must contain a statement that if payment is not made, a warrant for distraint
may be filed. The marijuana product provider may seek review of the determination pursuant to
15-1-211. The department may waive any penalty pursuant to 15-1-206.
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