(a) The Commissioner of Finance, upon the recommendations of the Board, shall license any person to conduct a pharmacy who has filed an application therefor, subscribed by the applicant under oath or affirmation, and containing such information as the Board may require, and whose proposed pharmacy complies with all requirements of this subchapter, including the following:
(1) Possesses a copy of the latest revision of the Pharmacopoeia of the United States, the latest edition of the National Formulary, and if homeopathic remedies are compounded or dispensed, a copy of the latest revision of the Homeopathic Pharmacopoeia, the current supplements to them, and such other pharmaceutical equipment, reference books, professional and technical equipment as the Board may by regulation establish;
(2) Has sufficient physical facilities, including equipment, size, space and sanitation for adequately distributing and dispensing drugs and devices consonant with the protection of the public health, safety and welfare as the Board may by regulation establish;
(3) Contains a suitable book or file in which shall be preserved, for a period of not less than five years, every prescription compounded or dispensed therein;
(4) Has insured that a pharmacist shall be in charge of said pharmacy at all times that the pharmacy is open, except as provided in section 153 of this title;
(5) If an individual or partnership is the applicant, that the individual or co-partner if not a pharmacist, has not previously been found or pleaded guilty or nolo contendere to any crime concerning the practice of pharmacy or involving moral turpitude; or if a pharmacist, that he is presently licensed by the Board; if an association that no director or officer, or if a corporation that no director, officer or person having a beneficial interest in more than ten per centum of the stock has been found or pleaded guilty or nolo contendere to said crimes or had a pharmacy or pharmacist's license revoked or renewal refused.
(b) All applicants shall be of good moral and professional character; in determining this qualification, the Board may take into consideration among other things the conduct and operation of other pharmacies conducted by said applicant.
(c) All licenses issued under the provisions of this subchapter shall be displayed in a conspicuous place in the pharmacy for which it was issued.
(d) Separate applications and licenses shall be required for each establishment, and each license shall be issued bearing the name of the pharmacist who will be in charge of the pharmacy and who will be responsible for all operations involving the practice of pharmacy.
(e) The Board may promulgate regulations in accordance with the above requirements and, in addition, shall have the power to promulgate rules and regulations governing standards of practice and operation of pharmacies including, but not limited to, rules and regulations governing the method of advertising, promotion and standards for filling and refilling prescriptions, such regulations to be designed to insure methods of operation and conduct which protect the public health, safety and welfare and prevent practices or operations which may tend to lower professional standards of conduct.