A. The revocation or suspension of any retail, dispensary club license shall not entitle the licensee to the refund of any portion of the tax imposed by this chapter which such licensee has paid.

B. In the event of a transfer of any license under the provisions of the laws of the state, no refund shall be made by the city to the original licensee for the unexpired portion of such license, but such assignment and transfer shall vest in the assignee and transferee the right to operate under the license tax so paid by the original licensee for the period covered by the paid license tax and to pay the balance of such license tax upon the same terms and conditions as if such assignee or transferee were the original licensee. (Prior code § 3-6).