(A) Each license expires one year from the date of issuance and may be renewed only by making application as provided in § 117.04. Application for renewal must be submitted at least 30 days but not more than 60 days before the expiration date. The license holder must continue to meet all license requirements to be eligible for a renewal.
(B) The renewal fee is $10,000. The city will reimburse 80% of the application fee for applicants who make timely application to the South Dakota Department of Health but are unable to obtain a renewal from the Department for any reason.
(C) Failure to renew a license in accordance with this section may result in additional fees. Upon expiration of the license, the city may order closure of the cannabis establishment.
(D) If a license holder has not operated an establishment for which it holds a license in the preceding 12 months, the license will not be renewed.
(Ord. 1013, passed 11-1-2021)