The Local Licensing Authority will weigh a change of ownership application associated with a potential $8 million sale of , one of six cannabis dispensers in town, on Tuesday.
Ryan Milligan, co-owner of Denver-based cannabis company , filed the application recently with City Clerk Linda Manning. Tuesday’s hearing 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 itap 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 for multiple licenses.
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