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The terms vertical integration and horizontal integration as used in this Article shall have <br />the following meanings: Vertical integration shall refer to cannabis businesses operatinq <br />at different points in the same supply chain from cultivation to retail sales as long as <br />they share at least 80% underlying common ownership, regardless of form of business <br />structure, and are engaged in interparty sales and/or transfers of goods. Horizontal <br />integration shall refer to cannabis businesses operating at the same point in the same <br />supply chain as long as they share at least 80% underlying common ownership <br />regardless of form of business structure, and are engaged in interparty sales and/or <br />transfers of goods. For purposes of this Article the term "cannabis businesses" shall <br />include medicinal marijuana collectives/cooperatives as defined in section 18-611 and <br />commercial cannabis businesses as defined in section 40-2. but shall not include <br />commercial cannabis businesses engaged in testing facilities or testinq laboratory <br />businesses. <br />Section 11. Section 21-80 of Article VII of Chapter 21 of the Santa Ana <br />Municipal Code is hereby amended to read in full as follows: <br />Sec. 21-80. - Same —Not conclusive; audit of books. <br />No statement shall be conclusive as to the matters set forth therein, nor shall the filing <br />of the same preclude the city from collecting by appropriate action such sum as is <br />actually due and payable hereunder. Such statement and each of the several items <br />therein contained shall be subject to audit and verification by the collector, his or her <br />revenue officers, or duly authorized employees or agents of the City, who are hereby <br />authorized to examine, audit, and inspect such books and records of any licensee or <br />applicant for license, as may be necessary in their judgment to verify or ascertain the <br />amount of license fee due. <br />All persons subject to the provisions of this Chapter shall keep complete and detailed <br />records of business transactions, including, but not limited to the following: rent <br />collected, daily sales, sales taxes collected and paid to the state, any and all city, state <br />and federal taxes collected and remitted from cannabis sales, point of sales (POS) <br />system detailed daily sales data base and summary monthly sales reports, receipts, <br />purchases, and other expenditures, detailed general ledger, income statements, cash <br />flow statements, balance sheets, sales journals, cash disbursement journals and <br />ledgers including payroll iournals, third -party staffing agency statements, lease <br />agreements, and other reports regarding the number and types of persons employed <br />and/or otherwise engaged in the business, and shall retain all such records for <br />examination by the collector, his or her revenue officers, or duly authorized employees <br />or agents of the City. Such records shall be maintained for the period of the current <br />calendar year, and fora rp IOr period of at least three (3) complete calendar years or <br />from the commencement of business within the city, whichever period is least. In the <br />event such records of any business are not maintained within the city and are not <br />22 <br />75F-28 <br />