A pharmacy that is issued a waiver permit by the Board under Health Occupations Article, §12–403(c), Annotated Code of Maryland, may engage in wholesale distribution, provided that: The waiver pharmacy only engages in wholesale distribution with another pharmacy; and The wholesale distribution business does not exceed 5 percent of the waiver pharmacy’s annual sales. Record Keeping Requirements. A waiver pharmacy that conducts wholesale distribution as set forth in §A of this regulation shall: Maintain records of the waiver pharmacy’s wholesale distribution separately from its other records; and Make records of wholesale distribution available for inspection by the Board.