Utah Code 59-31-202. Issuance of license
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(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:
Terms Used In Utah Code 59-31-202
- Cannabinoid product: means the same as that term is defined in Section
4-41-102 . See Utah Code 59-31-101 - Licensee: means a retailer that holds a valid license under Part 2, Licensing, to sell a cannabinoid product. See Utah Code 59-31-101
- Person: means :(24)(a) an individual;(24)(b) an association;(24)(c) an institution;(24)(d) a corporation;(24)(e) a company;(24)(f) a trust;(24)(g) a limited liability company;(24)(h) a partnership;(24)(i) a political subdivision;(24)(j) a government office, department, division, bureau, or other body of government; and(24)(k) any other organization or entity. See Utah Code 68-3-12.5
- Retailer: means a person that sells a cannabionoid product to a consumer for personal use. See Utah Code 59-31-101
(1)(a) the retailer’s name;
(1)(b) the address of the location permitted under Section 4-41-103.3 where the retailer sells the cannabinoid product; and
(1)(c) any other information the commission requires to implement this chapter.
(2) A license is:
(2)(a) valid at only one fixed business address;
(2)(b) valid for three years;
(2)(c) valid only for a physical location; and
(2)(d) renewable if a licensee meets the criteria for licensing described in Subsection (1).
(3)
(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.
(3)(b) Subject to Subsection (3)(c), the commission shall determine the form and amount of the bond.
(3)(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)
(7)(a) The commission shall maintain a public list that includes the identity of each person licensed under this section.
(7)(b) The list shall:
(7)(b)(i) include the type of license possessed; and
(7)(b)(ii) be updated by the commission at least once per quarter.