§ 5.11.140. Change in manager; change in financial interest; modification of premises.

A.

Each licensee shall report any change in managers to the local licensing authority within seven days after the change.

B.

Each licensee shall report in writing to the local licensing authority any transfer or change of financial interest in the license holder or in the retail marijuana establishment that is the subject of the license and receive approval prior to any transfer or change pursuant to subsection C. of this section. A report is required for transfers of capital stock of any corporation regardless of size.

C.

For a transfer of ownership, the license holder shall apply to the state and local licensing authorities. In determining whether to permit a transfer of ownership, the local licensing authority shall consider only the suitability of the applicant pursuant to this chapter 5.11, the Colorado Retail Marijuana Code, and any related rules and regulations, as from time to time amended. The local licensing authority may hold a hearing on the transfer application; provided the local licensing authority shall not hold a hearing until notice has been posted and provided to the applicant in accordance with the requirements of the Colorado Retail Marijuana Code.

D.

After a license is issued, the licensee shall make no physical change which materially or substantially alters the licensed premises or the usage of the licensed premises from the plans and specifications submitted at the time of obtaining the original license without the prior written consent of the state and local licensing authorities. For purposes of this subsection, physical changes, alterations or modifications of the licensed premises, or in the usage of the premises requiring prior written consent shall be as specified in the Colorado Retail Marijuana Code and the rules and regulations promulgated thereunder. Each application for modification of premises shall be accompanied by an application fee in amount established by resolution of the city council.

(Ord. No. 1649-2013, § 1, 12-17-2013; Ord. No. 1769-2019, § 18, 2-5-2019)