Colorado Marijuana Enforcement Division Eliminates 90-Day Grace Period for Late License Renewals
By Jessica Scardina, Senior Associate Attorney
Dec 12, 2019
Effective January 1, 2020, the MED is eliminating the 90-day grace period for filing late license renewals.
New MED rule 2-225(D) states that “A license is immediately invalid upon expiration if the Licensee has not filed a renewal application and remitted all of the required application and license fees prior to the license expiration date. A Regulated Marijuana Business that fails to file a renewal application and remit all required application and license fees prior to the license expiration date must not operate unless it first obtains a new state license and any required local license.”
On December 6, 2019, the MED issued a compliance tip bringing this change to licensees’ attention. View the compliance tip here.
Failure to file a timely renewal could severely impact your business operations. It is very important that all business license renewals are submitted in advance of the license expiration date.
If you have questions, please contact Jessica Scardina at 303-860-4501 or email email@example.com.