The board shall regulate the practice of pharmacy in this state by:
(1) issuing a license after examination or by reciprocity to an applicant qualified to practice pharmacy and issuing a license to a pharmacy under this subtitle;
(2) renewing a license to practice pharmacy and a license to operate a pharmacy;
(3) determining and issuing standards for recognizing and approving degree requirements of colleges of pharmacy whose graduates are eligible for a license in this state;
(4) specifying and enforcing requirements for practical training, including an internship;
(5) enforcing the provisions of this subtitle relating to:
(A) the conduct or competence of a pharmacist practicing in this state and the conduct of a pharmacy operating in this state; and
(B) the suspension, revocation, retirement, or restriction of a license to practice pharmacy or to operate a pharmacy or the imposition of an administrative penalty or reprimand on a license holder;
(6) regulating the training, qualifications, and employment of a pharmacist-intern, pharmacy technician, and pharmacy technician trainee; and
(7) determining and issuing standards for recognizing and approving a pharmacy residency program for purposes of Subchapter W, Chapter 61, Education Code.