(1) Subject to this section and CMC 5.30.100, the term of each retail cannabis business permit shall be indefinite.

(2) Upon the one year anniversary of the date of issuance for each retail cannabis business permit and every year thereafter, the city manager shall conduct a performance review of the permittee to assess compliance with the requirements of this chapter. Within 30 days of the conclusion of the annual performance review of the permittee, the city manager shall issue a letter of compliance or noncompliance outlining all items to be corrected to ensure full compliance. In the event of any noncompliance, the permittee shall have 60 days to remedy such noncompliance. However, in the event such noncompliance items cannot be reasonably remedied within 60 days, such noncompliance items shall not constitute a serious material violation of any law and/or any rule, regulation, and/or standard adopted pursuant to this chapter subject to suspension or revocation under CMC 5.30.100 if the permittee commences correction of such noncompliance items within 60 days and thereafter diligently prosecutes correction of such noncompliance items to completion.

(3) The permittee shall pay a fee in an amount to be set by the city council via resolution to cover the costs of conducting the performance review, together with any costs incurred by the city to administer the program created under this chapter. (Ord. 730 § 5, 2022).