(a) A licensee or permittee may not make changes to its location, ownership, or Licensed Premises, without approval from the OCR.
(b) Change in Ownership.(1) A licensee or permittee may not undergo any change in ownership, whether adding or removing owners or adjusting equity amongst owners, without prior approval from the OCR. A license or permit granted under the provisions of this chapter is not transferable except as provided for in this chapter.(2) The ownership of a Micro-Cultivation Permit is not transferable(3) A Licensee or Permittee shall apply for a Change of Ownership on forms prepared and furnished by the OCR, in accordance with all rules adopted hereto. In determining whether to approve or deny a transfer of ownership, the OCR shall consider the requirements of this chapter and any rules promulgated hereto.(4) A change in ownership or business structure of any license or permit issued pursuant to this chapter is prohibited unless all proposed owners of the license or permit meet criminal background and suitability requirements as required by this chapter.(5) A change in Majority Ownership of any license or permit issued pursuant to this chapter is prohibited for one year after the date the license or permit is issued unless the licensee or permittee can demonstrate that a transfer of ownership is made necessary by death or disability of the licensee or permittee, substantial financial hardship, or other reasons as determined by the OCR in accordance with criteria established in regulations.(6) No application for transfer of ownership or change in the business structure of any licensee or permittee shall be approved by the OCR until all taxes, any fines, penalties, and interest assessed against or imposed upon the licensee or permittee in relation to the licensed business are paid in full.
(1) A licensee or permittee may not undergo any change in ownership, whether adding or removing owners or adjusting equity amongst owners, without prior approval from the OCR. A license or permit granted under the provisions of this chapter is not transferable except as provided for in this chapter.
(2) The ownership of a Micro-Cultivation Permit is not transferable
(3) A Licensee or Permittee shall apply for a Change of Ownership on forms prepared and furnished by the OCR, in accordance with all rules adopted hereto. In determining whether to approve or deny a transfer of ownership, the OCR shall consider the requirements of this chapter and any rules promulgated hereto.
(4) A change in ownership or business structure of any license or permit issued pursuant to this chapter is prohibited unless all proposed owners of the license or permit meet criminal background and suitability requirements as required by this chapter.
(5) A change in Majority Ownership of any license or permit issued pursuant to this chapter is prohibited for one year after the date the license or permit is issued unless the licensee or permittee can demonstrate that a transfer of ownership is made necessary by death or disability of the licensee or permittee, substantial financial hardship, or other reasons as determined by the OCR in accordance with criteria established in regulations.
(6) No application for transfer of ownership or change in the business structure of any licensee or permittee shall be approved by the OCR until all taxes, any fines, penalties, and interest assessed against or imposed upon the licensee or permittee in relation to the licensed business are paid in full.
(c) Change of Location.(1) A licensee or permittee may not undergo any change in a location without prior approval from the OCR.(2) A licensee or permittee shall apply for approval to change its location on forms prepared and furnished by OCR. In determining whether to approve or deny a transfer of ownership, the OCR shall consider the requirements of this chapter and any rules promulgated hereto.(3) A license or permit issued pursuant to this chapter is prohibited from changing location to a different island within the Virgin Islands or any location outside of the Virgin Islands.(4) A licensee or permittee may move the permanent location of its Licensed Premises to any other place within the island where the license or permit was issued once permission to do so is granted by the OCR. In permitting a change of location, the OCR shall consider all reasonable restrictions that are or may be placed upon the new location.
(1) A licensee or permittee may not undergo any change in a location without prior approval from the OCR.
(2) A licensee or permittee shall apply for approval to change its location on forms prepared and furnished by OCR. In determining whether to approve or deny a transfer of ownership, the OCR shall consider the requirements of this chapter and any rules promulgated hereto.
(3) A license or permit issued pursuant to this chapter is prohibited from changing location to a different island within the Virgin Islands or any location outside of the Virgin Islands.
(4) A licensee or permittee may move the permanent location of its Licensed Premises to any other place within the island where the license or permit was issued once permission to do so is granted by the OCR. In permitting a change of location, the OCR shall consider all reasonable restrictions that are or may be placed upon the new location.
(d) Modification of Licensed Premises.(1) A licensee or permittee may not materially modify its Licensed Premises, Micro-Cultivation Site, or Designated Consumption area without prior approval from the OCR.(2) A licensee or permittee shall apply for a Modification of Licensed Premises on forms prepared and furnished by the OCR. In determining whether to approve or deny a Modification of Licensed Premises request, the OCR shall consider the requirements of the chapter and any rules promulgated hereto.(3) The OCR shall adopt rules governing when a Licensee or Permittee shall be required to submit a Modification of Licensed Premises form.
(1) A licensee or permittee may not materially modify its Licensed Premises, Micro-Cultivation Site, or Designated Consumption area without prior approval from the OCR.
(2) A licensee or permittee shall apply for a Modification of Licensed Premises on forms prepared and furnished by the OCR. In determining whether to approve or deny a Modification of Licensed Premises request, the OCR shall consider the requirements of the chapter and any rules promulgated hereto.
(3) The OCR shall adopt rules governing when a Licensee or Permittee shall be required to submit a Modification of Licensed Premises form.