§ 50A-16. Change of ownership.  


Latest version.
  • (a)

    In the event that there is a change of ownership of any cannabis business, the new owner is required to notify the treasurer-tax collector on any form required by the treasurer-tax collector.

    (b)

    Unless otherwise provided by law, upon the sale of any cannabis business:

    1.

    It is the joint and several liability of both the seller and buyer to remit any tax due. This includes all taxes accrued and payable up until the date of sale; and

    2.

    Any certificate of delinquent cannabis operations tax lien may be filed against both the seller and/or buyer in an amount determined by the treasurer-tax collector.

    (c)

    Following any change of ownership, the cannabis business or operation may be subject to an audit by the treasurer-tax collector or his or her designee.

(Ord. No. 5026, § 1, 2-13-2018)