(1) As used in this section:
(a) "Controlled substance" means the same as that term is defined in Section 58-37-101.
(b) "Licensee" means a person that holds a license under Section 59-14-201, 59-14-301, or 59-14-803.
(2) As a condition for each license issued under this chapter, a licensee agrees to not store, sell, or attempt to sell illegally obtained controlled substances.
(3) The tax commission shall revoke each license described in Section 59-14-201, 59-14-301, and 59-14-803 that a licensee holds if the tax commission receives notice that a licensee has been charged with a criminal offense involving possession with intent to distribute, distribution, or sale of a controlled substance.