a. If a licensed cultivator, licensed processor, licensed dispensary, or licensed transporter within 365 days of its initial license being issued or within 365 days of its renewal, if the initial license was issued prior to January 1, 2020, fails to notify the Division of its intent to commence operations pursuant to rule 4.2, the license shall be considered abandoned and shall be immediately surrendered to the Director.

b. A licensed cultivator, licensed processor, licensed dispensary, or licensed transporter prior to the abandonment of the license may submit a written petition to Director for a one-time 60 day extension which will be granted upon a finding that the delay was not due to inattention on the part of the licensee and there is a good faith basis to grant the extension.

a. That all taxes and fees owing the state have been paid;

b. The reason for the delay; and

c. The date the licensee intends to commence operations.

a. Business circumstances exist to justify the delay;

b. The delay to commence operations was not due to mere deferral or inattention on the part of the licensee; and

c. The license should be returned