(a) All licenses issued pursuant to § 53-14-105 shall specify:
(1) The name and address of the licensees;(2) The nature of the authorized project or projects;(3) The nature of legend drugs, controlled substances or controlled substance analogues to be used in the project; and(4) Whether dispensing to human subjects is permitted.(b) A license shall expire one (1) year from the date of issuance, or upon termination of the authorized project or projects, whichever comes first, and shall be renewable annually at a fee of thirty dollars ($30.00).(c) No license shall be transferable.