Regulation .08 Conversion to Standard License.
Regulation .08 Conversion to Standard License.LinkCopy Citation
A.
A micro licensee in good standing may apply to the Administration to convert to a standard license once it has been operational for at least 24 months, in a manner determined by the Administration.
B.
The Administration may deny the micro licensee for conversion to a standard license if the micro licensee:
(1)
Has been operational for 24 or fewer months;
(2)
Has been found to violate any operational restrictions in Regulation .02B of this chapter;
(3)
Would be in violation of the ownership or control restrictions in COMAR 14.17.16;
(4)
Does not provide adequate notice to the Administration; or
(5)
For any other good cause determined by the Administration.
C.
A micro license converted under §§A and B of this regulation to a standard license shall be valid through the date of the initial micro license.
D.
Prior to the conversion of micro license to a standard license the licensee shall pay in full a pro-rated license fee.
E.
The pro-rated license fee required under §D of this regulation shall be calculated by the Administration by:
(1)
Subtracting any previous license fee paid for the valid micro license that is being converted into the standard license from the standard fee under COMAR 14.17.21; and
(2)
Pro-rating the remaining license fee total by months remaining on the initial 5-year term of the micro license.
F.
A micro license converted under this regulation:
(1)
Shall be forfeited by the licensee as a condition of conversion and the Administration may award the forfeited license in a subsequent licensing round;
(2)
Shall only be for the corresponding standard license type; and
(3)
May not be converted to an incubator space license under COMAR 14.17.06.09 or on-site consumption license under COMAR 14.17.06.10.
G.
The Administration shall reserve enough standard licenses, by license type, to allow a reasonable number of micro licenses to convert to a standard license.