The state board of pharmacy, within thirty days after receipt of a complete application filed in the form and manner set forth in section 4729.52 or 4729.54 of the Revised Code for the issuance of a license or the renewal of a license, shall notify the applicant therefor whether or not such license will be issued or renewed. If the board determines that such license will not be issued or renewed, such notice to the applicant shall set forth, in a manner determined by the board, the reason or reasons that such license will not be issued or renewed.