(a) The OCR may issue the following types of licenses and permits, which entitles the holder of the license or permit to all the privileges and impose all the restrictions on the holder of license or permit as set forth in this chapter and any rules adopted thereto:(1) Cannabis Cultivation License;(2) Cannabis Manufacturing License;(3) Cannabis Dispensary License;(4) Cannabis Research and Development License;(5) Cannabis Testing Facility License;(6) Adult-Use Lounge Permit;(7) Cannabis Use Permit;(8) Cannabis Temporary Use Permit;(9) Onsite Cannabis Consumption Permit; and(10) Micro-Cultivation Permit;
(1) Cannabis Cultivation License;
(2) Cannabis Manufacturing License;
(3) Cannabis Dispensary License;
(4) Cannabis Research and Development License;
(5) Cannabis Testing Facility License;
(6) Adult-Use Lounge Permit;
(7) Cannabis Use Permit;
(8) Cannabis Temporary Use Permit;
(9) Onsite Cannabis Consumption Permit; and
(10) Micro-Cultivation Permit;
(b) All licenses and permits must be issued to a specific person at a defined location, except that this provision does not prevent a person from applying for more than one license type identified in (a)(1) - (4) of this section that is intended to be operated at the same defined location provided that co-location of the license would not result in a violation of this chapter. The person and location associated with a permit or license may be changed only under the limited circumstances authorized by this chapter and requires approval from the OCR.
(c) All licenses and permits are valid for one year unless the OCR authorizes a shorter term.
(d) The OCR shall determine the final number of licenses and permits that the OCR will issue based on statistical analysis of supply and demand, public safety concerns, and market survey analyses. The OCR shall consider market and other circumstances in each island district in determining the final number of licenses and permits. In no event shall the number of licenses exceed the quantities set forth in § 787. Two years after the issuance of the first license, the number of licenses must be reviewed, and the OCR shall make written recommendations to the Legislature for possible changes to the limits on numbers of Cannabis Dispensary and Cultivation Licenses.
(e) The application, annual and renewal fees charged to all licensees, permittees, Qualified Patients, and Designated Caregivers shall be determined by the Board unless otherwise provided in this chapter.
Renewal fees are charged annually in an amount equal to the application fees or as otherwise determined by the Board. The Board has the discretion to adjust all license fees annually.
(f) If the OCR revokes a license, a licensee elects to surrender a license, or the OCR issues new or additional licenses, the OCR shall conduct a Merit-Based Application Process to determine whether a new Cannabis License of the same type should be issued.
(g) A license authorized by this chapter and issued by the OCR may not be held by, or issued to, directly or indirectly, any person who, at any time within the previous 12 months, held elected office in the executive or legislative branches of the Government of the Virgin Islands, or was employed by the Department of Licensing and Consumer Affairs, the OCR, or who was a member of the Board. No person shall be precluded from owning stock in a publicly-traded corporation on the basis of this provision alone.