Maine § 28-B §511 Record keeping and inspection of records; audits

Maine Statutes

§ 28-B §511 — Record keeping and inspection of records; audits

Maine·Title 28-B CANNABIS·Ch. 1 CANNABIS LEGALIZATION ACT

1.Record keeping; inspection of records. A licensee shall maintain a complete set of all records of the licensee's business transactions, which may be stored electronically. Upon providing at least 24 hours' notice, the office may inspect or audit the licensee's records during regular business hours. The office may not conduct an audit of a licensee's records more than twice in any 6-month period. The cost of any audit must be paid by the office from the Adult Use Cannabis Regulatory Coordination Fund under section 1102. Nothing in this subsection may be construed to prevent the office from reviewing at any time business records submitted through the tracking system in accordance with section 105. Records must be maintained by a licensee at a minimum for a period comprising the current ta

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1.
Record keeping; inspection of records.
A licensee shall maintain a complete set of all records of the licensee's business transactions, which may be stored electronically. Upon providing at least 24 hours' notice, the office may inspect or audit the licensee's records during regular business hours. The office may not conduct an audit of a licensee's records more than twice in any 6-month period. The cost of any audit must be paid by the office from the Adult Use Cannabis Regulatory Coordination Fund under section 1102. Nothing in this subsection may be construed to prevent the office from reviewing at any time business records submitted through the tracking system in accordance with section 105. Records must be maintained by a licensee at a minimum for a period comprising the current tax year and the 6 immediately preceding tax years in accordance with Title 36, section 135.
2.
Additional information may be required.
3.
Audit.
The office may require a licensee to submit to an audit of the licensee's business records. If the office requires a licensee to submit to an audit, the licensee shall provide the auditor selected by the office with access to all business records of the licensee and the cost of the audit must be paid by the office from the Adult Use Cannabis Regulatory Coordination Fund under section 1102.
4.
Confidentiality.
This subsection governs the confidentiality of records under this section.

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