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This entry was published on 2022-04-08
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SECTION 496
Records to be kept; penalties
Tax (TAX) CHAPTER 60, ARTICLE 20-C
§ 496. Records to be kept; penalties. (a) Records to be kept. Every
distributor on whom tax is imposed under this article and every person
who sells adult-use cannabis products at retail shall maintain complete
and accurate records in such form as the commissioner may require
including, but not limited to, such items as the total THC content of
the adult-use cannabis products sold to or produced by such person;
complete records of every retail sale of adult-use cannabis, and any
other record or information required by the commissioner. Such records
must be preserved for a period of three years after the filing of the
return to which such records relate and must be provided to the
commissioner upon request.

(b) Penalties. In addition to any other penalty provided in this
article or otherwise imposed by law, every distributor on whom tax is
imposed under this article and every person who sells adult-use cannabis
products at retail who fails to maintain or make available to the
commissioner the records required by this section is subject to a
penalty not to exceed five hundred dollars for each month or part
thereof for which the failure occurs. This penalty may not be imposed
more than once for failures for the same monthly period or part thereof.
If the commissioner determines that a failure to maintain or make
available records in any month was entirely due to reasonable cause and
not to willful neglect, the commissioner must remit the penalty for that
month.