Superseded 1/1/2027

280 words·~1 min read·/ut/title-59/chapter-31/1-3

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 1/1/2025

Superseded 1/1/2027

59-31-202. Issuance of license.

(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).

(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 .

(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.

Enacted by Chapter 35 , 2024 General Session