(a) Upon approval by the commissioner, the director shall issue a license authorizing the holder to manufacture, obtain, possess, dispense, or administer legend drugs, controlled substances or controlled substance analogues, or any combination thereof, for the purpose of scientific research, instruction or chemical analysis.
(b) The commissioner shall not grant approval unless the commissioner determines that the applicant:
(1) Has submitted a satisfactory protocol for the proposed project, except as provided in § 53-14-109;
(2) Is of good character;
(3) Possesses, or is capable of acquiring, sufficient staff, facilities and equipment to conduct properly the proposed project;
(4) Is able to maintain effective control against diversion of the drugs for which the license is sought; and
(5) Is able to comply with all applicable state and federal laws and regulations relating to the drugs for which the license is sought.
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