Section 59-31-202 - [Effective 1/1/2025] (Effective 01/01/25). 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: (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).(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.(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.(7)(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.Added by Chapter 35, 2024 General Session ,§ 16, eff. 1/1/2025.