(b) The books, records and accounts of any licensee may be inspected and audited by the city.
(c) Such an inspection and audit may be performed by the business license officer or his/her designee, a qualified certified public accountant or city official who shall be selected by the business license officer.
(d) To facilitate such audits, the licensee shall keep complete and accurate records of all gross receipts and transactions related to the receipt or disbursement of funds arising out of or related to the medical marijuana cooperative operations during the preceding three-year period. All such records shall be made available to the city for audit at the licensee's place of doing business during normal business hours after reasonable prior notice, which may be at least twenty-four hours prior to the audit.
(e) Any failure or refusal of any licensee to make and file a declaration statement within the required time period, or to pay such sums by way of taxes when the same are due and payable in accordance with the provisions of this chapter, or to permit such inspection of such books, records and accounts of such licensee shall be and constitute full and sufficient grounds for suspension or revocation of any business license or business permit for operation of a medical marijuana cooperative.
(Ord. 904 § 2 (part), 2010)