(a) A retailer license shall be renewed annually upon the filing of an application and payment of the applicable license fee. A licensee must file a renewal application, as prescribed by the board, by rule, by August 1 annually.
(b) A license may be renewed without penalty during the following fiscal year between October 1 and October 20 and may continue to be renewed after October 20 of that license year by paying, in addition to the appropriate state and county licensing and filing fees, a penalty of 50 percent of the annual license fee. If a license is not renewed before midnight September 30 of the succeeding license year, the license shall terminate with no privilege of renewal. Thereafter, a new application must be made and a new license issued before continuation of the business. (c) A retailer may not purchase, receive, store, ship, sell, or give away any consumable hemp product or enjoy any of the rights and privileges of the license after the expiration of a license. (d) Unless the licensee is notified by the board of objections to the renewal of the license, the board shall renew the license of any licensee who has submitted the renewal application and license fee.
History: (Act 2025-385, §1.)