Colorado Code § 44-3-306

Inactive licenses
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The state or local licensing authority, in its discretion, may
revoke or elect not to renew a retail license if it determines that the licensed premises has been
inactive, without good cause, for at least one year or, in the case of a retail license approved for a
facility that has not been constructed, the facility has not been constructed and placed in
operation within two years after approval of the license application or construction of the facility
has not commenced within one year after the approval.

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