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Inexperienced Springs seeks sale to Leafology proprietor

Brian Chilson
OWNERSHIP: The possession of Inexperienced Springs Medical may very well be altering.

A Scorching Springs dispensary going through the revocation of its license will ask state regulators on Thursday for approval to promote the shop to the proprietor of a Scorching Springs medical marijuana cultivator. 

Inexperienced Springs Medical dispensary will ask the state Medical Marijuana Fee tomorrow to approve a short lived renewal of its license and to approve a sale that can take away sole proprietor Dragan Vicentic from its ranks and convey on Carla McCord as proprietor. 

McCord owns 60% of Leafology, a medical marijuana cultivator in Garland County. 

Thursday’s fee assembly follows Vicentic’s listening to earlier than the state Alcoholic Beverage Management Board, which started a little bit after 9 a.m. right now. Vicentic faces allegations that Inexperienced Springs Medical violated a variety of state rules, together with promoting greater than 1,800 merchandise with expired lab exams. 

In keeping with a letter from McCord to the commission, she would buy all the dispensary’s property and the property, however she wouldn’t be liable for any fines to the ABC or the Medical Marijuana Fee.

The paperwork didn’t embody a worth for the transaction, however McCord’s redacted letter referred to the acquisition worth as “(redacted) million {dollars}.” 

McCord’s letter, which was additionally signed by Vicentic, included a five-year non-compete provision for Inexperienced Springs and its members. Vicentic is the only real proprietor. 

Vicentic has been in scorching water with the ABC over repeated violations, culminating in a revocation listening to earlier than the ABC Board this morning. 

In a letter dated Could 2, ABC Director Christy Bjornson mentioned the dispensary’s actions had been reckless and that revocation was the one treatment. 

Vicentic appealed the revocation, which robotically stayed the choice till the ABC Board may maintain a listening to to contemplate the matter. The dispensary has stayed open as the shop’s enchantment has been within the works. 

Final week, Vicentic’s lawyer mentioned he wants extra time to arrange his shopper’s protection and requested to delay the listening to. Chip Leibovich, a employees lawyer at ABC, mentioned the ABC would oppose a delay until the dispensary agreed to shut within the meantime. Solely the ABC Board has authority to delay the listening to.

The publish Green Springs seeks sale to Leafology owner appeared first on Arkansas Times.