What is the application fee for a new pharmacy license in Colorado?

The correct answer is that the application fee for a new pharmacy license in Colorado is determined by the Colorado State Board of Pharmacy and is subject to change. This is important because licensing fees in various states can fluctuate based on regulatory decisions, budgetary needs, and other considerations determined by the board. Understanding that the fee may change means that potential pharmacy applicants should verify the current fee at the time of application, ensuring they have the most accurate and up-to-date information.

In contrast, a flat fee of $500 and a fixed fee of $250 imply that the charges are static and do not account for any potential adjustments that the board may make based on their operational needs. Additionally, stating that the fee is established by federal law incorrectly attributes the fee setting to federal regulation, which is not how state licensing typically functions. Each state, including Colorado, has the authority to determine its own licensing fees through its respective regulatory agency.