You are here
Home 🌿 Medical Cannabis News 🌿 $8 million deal for Colorado pot shop considered by Aspen officials 🌿$8 million deal for Colorado pot shop considered by Aspen officials
Warning message
The subscription service is currently unavailable. Please try again later.The Local Licensing Authority will weigh a change of ownership application associated with a potential $8 million sale of Aspen Green Dragon, one of six cannabis dispensers in town, at 9 a.m. Tuesday.
Ryan Milligan, co-owner of Denver-based cannabis company Greenwerkz, filed the application recently with City Clerk Linda Manning. Today’s hearing, which begins at 9 a.m., represents the first set of hurdles in the potential deal with Green Dragon.
The purchase price listed in the application is $8 million, which involves a $7.25 million loan from Andrew Levine, of Denver. When asked if the sale is for the entire Green Dragon business and brand, Milligan said Monday that it’s too early to discuss details. Green Dragon currently operates at two locations, with medical and recreational operations in Aspen and Glenwood Springs. The potential deal would require multiple state and local approvals for multiple licenses.
“It’s a little premature to...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin