Full transfer or partial transfer of ownership, any change of location, and any modification of premises of any local license issued pursuant to this chapter shall be governed by the standards and procedures set forth in the Colorado Medical Marijuana Code, the Colorado Retail Marijuana Code, medical marijuana regulations, and retail marijuana regulations, as applicable. The Town shall administer transfers of ownership of local licenses, changes in location, and modifications of premises in the same manner as the state licensing authority administers transfers of state licenses. The public hearing requirements set forth in this chapter shall apply to all applications for full or partial transfer of ownership of any local license and changes of location, and modifications of premises which seeks to increase facility size. The submission or pendency of an application for full or partial transfer of ownership, change of location, or modification of premises does not relieve the license holder from the obligation to properly apply to renew such license. (Ord. 782 §2 (Exh. A), 2020)