$8 million deal for Colorado pot shop considered by Aspen officials

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...

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