A. The number of cannabis establishment licenses which may be issued at a single time shall be restricted by license class. For cannabis dispensary licenses, no more than five (5) licenses shall be issued at any given time. For all other cannabis establishment licenses, no numerical limit is set at the time of adoption. The numerical limits for each class of cannabis establishment may be altered at any time by resolution of the city council.
B. In the event the numerical cap is lowered to an amount less than the number of the existing licenses in that class, no existing licensee shall be prevented from continuing operation during the license term, requesting modifications to application information, from renewing such license for consecutive, subsequent years, or from transferring such license, on the basis that the numerical limit would otherwise prohibit the issuance of a license to a new applicant. However, this exception shall not prevent a license from being suspended or revoked, nor shall it prevent a license from not being renewed or a transfer approved, based upon grounds other than the numerical limit being exceeded. (Ord. O2021-07, 6-2-2021)