A temporary permit issued pursuant to this chapter shall be valid only until such time as the application for the license to the applicant is granted or denied or one hundred twenty (120) days, whichever shall first occur; except that if the application to transfer the license has not been granted or denied within the one hundred twenty (120) day period and the applicant demonstrates good cause, the liquor and marijuana licensing authority may, in its discretion, extend the validity of said permit for an additional period not to exceed sixty (60) days. (Ord. 13, Series 2022)