(1) The commission shall issue a license to sell a cannabinoid product to a retailer that submits an application, on a form created by the commission, that includes:
(a) the retailer's name;
(b) the address of the location permitted under Section 4-41-103.3 where the retailer sells the cannabinoid product; and
(c) any other information the commission requires to implement this chapter.
(2) A license is:
(a) valid at only one fixed business address;
(b) valid for three years;
(c) valid only for a physical location; and
(d) renewable if a licensee meets the criteria for licensing described in Subsection (1).
(3)
(a) The commission shall require a retailer that is responsible under this part for the collection of tax on a cannabinoid product to post a bond.
(b) Subject to Subsection (3)(c), the commission shall determine the form and amount of the bond.
(c) The minimum amount of the bond shall be $500.
(4) In accordance with Title 63G, Chapter 3, Utah Rulemaking Authority, the commission may make rules to establish the additional information described in Subsection (1)(c) that a retailer shall provide in the application described in Subsection (1).
(5) The commission may not charge a fee for a license under this section.
(6) The license under this section is in addition to a license required under Section 4-41-103.3.
(7)
(a) The commission shall maintain a public list that includes the identity of each person licensed under this section.
(b) The list shall:
(i) include the type of license possessed; and
(ii) be updated by the commission at least once per quarter.