.05 Records and Reports Required of Registrants.

A. Records and reports required of applicants, pursuant to Criminal Law Article, §5-306, Annotated Code of Maryland, shall be the same as required in 21 CFR 1304, as amended.

B. Inventories developed under the Federal Act under the date of May 1, 1971, and subsequent biennial inventory dates are acceptable for purposes of the Maryland Act. After the initial inventory is taken, the registrant shall take a new inventory of all stocks of controlled substances on hand at least every 2 years. The biennial inventory may be taken on any date which is within 2 years of the previous biennial inventory date.

C. On the effective date a substance is added to any schedule of controlled dangerous substances pursuant to Criminal Law Article, §5-202, Annotated Code of Maryland, every registrant required to keep records who possesses that substance shall take an inventory of all stocks of that substance on hand. Thereafter, that substance shall be included in each inventory made by the registrant.

D. Each person registered as a manufacturer, distributor, dispenser, researcher, or chemical analyst shall be required to maintain inventory records, as stipulated in Title 21, Code of Federal Regulations, §1304.11, and they shall be accessible to the representative of the Secretary.