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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) The commission shall issue a license to sell a cannabinoid product to a retailer that submits an application, on a form created by the commission, that includes:
(a) the retailer's name;
(b) the address of the location permitted under Section 4-41-103.3 where the retailer sells the cannabinoid product; and
(c) any other information the commission requires to implement this chapter.
(2) A license is:
(a) valid at only one fixed business address;
(b) valid for three years;
(c) valid only for a physical location; and
(d) renewable if a licensee meets the criteria for licensing described in Subsection (1).
(3)(a) The commission shall require a retailer that is responsible under this part for the collection of tax on a cannabinoid product to post a bond.
(b) Subject to Subsection (3)(c), the commission shall determine the form and amount of the bond.
(c) The minimum amount of the bond shall be $500.
(4) In accordance with Title 63G, Chapter 3, Utah Rulemaking Authority, the commission may make rules to establish the additional information described in Subsection (1)(c) that a retailer shall provide in the application described in Subsection (1).
(5) The commission may not charge a fee for a license under this section.
(6) The license under this section is in addition to a license required under Section 4-41-103.3.
(7)(a) The commission shall maintain a public list that includes the identity of each person licensed under this section.
(b) The list shall:
(i) include the type of license possessed; and
(ii) be updated by the commission at least once per quarter.
Cite this article: FindLaw.com - Utah Code Title 59. Revenue and Taxation § 59-31-202. Issuance of license - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-59-revenue-and-taxation/ut-code-sect-59-31-202/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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