Section 50. Licensees ceasing to sell controlled substances; inventory required prior to disposal  


Latest version.
  • A. Any licensee who intends to cease selling controlled substances shall notify the board 10 days prior to cessation and surrender his license, and his license will be placed on expired status.

    B. Any Schedule II through V controlled substances shall be inventoried and may be disposed of by transferring the controlled substance stock to another licensee or other person authorized by law to possess such drugs or by destruction as set forth in this chapter.

    C. The licensee or other responsible person shall inform the board of the name and address of the licensee to whom the controlled substances are transferred.

    D. A licensee who has surrendered his license pursuant to this section may request that it be made current again at any time within the same renewal year without having to pay an additional fee, provided the licensee is selling from the same location or from another location that has been inspected and approved by the board.

Historical Notes

Derived from VR530-01-2 § 2.4, eff. May 9, 1990; amended, Volume 08, Issue 13, eff. April 22, 1992; Volume 10, Issue 01, eff. November 3, 1993; Volume 17, Issue 07, eff. January 17, 2001; Volume 22, Issue 10, eff. February 22, 2006.

Statutory Authority

§§ 54.1-2400 and 54.1-3307 of the Code of Virginia.