Aspen licensing authority weighs $8 million Green Dragon sale
The Aspen Times
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 discuss it,” Milligan said. “Public hearing, license applications — all that stuff means I would like to do this, but there’s a lot of channels to go through before you get an approval. I’ve got the public hearing (today), and just kind of got to let things shake out a little bit.”
Green Dragon ownership could not be reached for comment Monday.
According to the application, Greenwerkz is linked to seven recreational operations and nine medical operations throughout Colorado, including a location in Glenwood Springs. The company was founded in 2009.
Green Dragon opened its Aspen location in March 2014. At one point owners were operating two Hyman Avenue shops, with medical separated from recreational. Both operations now cohabitate in a Hyman Avenue pedestrian mall space. Ron Radtke has owned and operated parent company Green Essentials Medical, LLC in Glenwood Springs since January 2013.
Support Local Journalism
Support Local Journalism
Readers around Glenwood Springs and Garfield County make the Post Independent’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User
Colorado Highway 139 is closed between mile markers 12 to 39 both directions, Douglas Pass, due to a wildfire. The fire is putting off a lot of smoke, decreasing visibility.