§ 24-511. Transfer of ownership.

(a)

In general. Transfer of ownership of any license issued pursuant to this article XII shall be governed by the standards and procedures set forth in the Colorado Medical Marijuana Code and any regulations adopted pursuant thereto, and any additional restrictions on transfer of ownership as provided in this article XII and any rules and regulations promulgated by the director.

(b)

Medical marijuana center licenses. Any transfer of ownership of a medical marijuana center license shall not affect any exemption that the licensed premises may enjoy from the spacing or other location restrictions set forth in subsection 24-508(b).

(c)

Medical marijuana-infused products manufacturing license. Any transfer of ownership of a medical marijuana-infused products manufacturing license shall not affect the ability of the new owner to continue to operate under the transferred license in a compliant or nonconforming location as allowed by subsection 24-509(a).

(d)

Reserved.

(e)

Disciplinary action. The director shall not receive or act upon any application for transfer of ownership while the state or local marijuana license is subject to disciplinary action nor shall the director receive or act upon any application for transfer of ownership if the corresponding state license has been surrendered or revoked.

(f)

Corresponding state license. Upon receipt of any application for transfer of ownership of a local license, the director shall not issue a license to the proposed new owner unless the applicant produces written documentation from the state approving the same transfer of ownership of the corresponding state license recorded upon the face of the local license.

(g)

Medical marijuana off-premises storage.

(1)

Upon receipt of any application for transfer of ownership of a local license, the director shall not approve the application and issue a license to the proposed new owner unless the corresponding off-premises storage license is also transferred to the same new owner or surrendered.

(2)

Upon receipt of any application for transfer of ownership of a local medical marijuana off-premises storage license, the director shall not approve the application and issue a license to the proposed new owner unless:

a.

The corresponding medical marijuana optional premises cultivation license, medical marijuana center license, or medical marijuana infused-products manufacturer license is also transferred to the same new owner and

b.

The applicant produces written documentation from the state approving the same transfer of ownership of the corresponding state permit recorded upon the face of the local license.

(h)

Medical marijuana transporter. The director shall not receive or act upon any application for a transfer of ownership of a medical marijuana transporter license.

(Ord. No. 105-11, § 1, 2-22-11; Ord. No. 912-15, § 24, 2-8-16; Ord. No. 614-17, § 16, 7-10-17)