Local Licensing Authority Agenda and Packet 2014 02 24

Home Browse Search

Local Licensing Authority Minutes January 27, 2014 Page 4 of 7 legislation to allow transfer applications. He cited code stating the Authority could consider suitability of the applicant when reviewing a transfer application. If any of the items cited as prohibiting ownership of a medical marijuana center were met, a transfer could not be granted. Those items are: criminal history indicating lack of moral character, not a resident of Colorado for 2 years, discharged a sentence for a felony within the past 5 years, or has any felony conviction for use, possession or distribution of a controlled substance, failure to pay child support or failure to pay taxes. He reported as a factual matter, staff has found none of those items apply to the applicant of the proposed transfer. The other factual item for the record, the applicant owns two other marijuana establishments in the state of Colorado. Chairperson Carlson thanked Attorney Light for the background. Laurel Altermangreeted the Authority and reported she had owned and operated Altermeds for several years and would like to retire. She felt the sale to Brian Ruden was an opportunity to leave the business in good hands. Brian Ruden, the applicant, introduced himself to the Authority. He stated he has lived in Colorado for ten years, attended law school at the University of Denver and practiced law here for five years. He becamea partnerin ownershipof a medical marijuana center in Colorado Springs and now owns a center in Denver which recently became a retail business. He asked for the Authority approval of the transfer and reported he would likely apply to convert to retailin the future. Rommelfanger asked if Mr. Ruden was considering moving the location of the center. Mr. Ruden said he had no plans to move the business. Hughes asked if the application had been filed with the State. The answer was not yet. Hughes asked how long the State process might take. Mr. Ruden thought it might only take a couple of weeks. Machado moved the Authority approve a transferof ownershipfor Colorado Health Professionals LLC d/b/a Altermeds. Mr. Ruden stated he had been in contact with the City of Boulder concerning the transfer of ownership for the cultivation facility and they want Mr. Ruden to buy Ms. Alterman’s LLC. That is how the sale will have to take place, Mr. Ruden buying Altermeds LLC so he owns it 100%. Rommelfanger seconded the motion. Authority Attorney Light proposed friendly amendments to the motion: approval of a transfer of Altermeds LLC to Colorado Health Professionals LLC or if a change of ownership, toMr. Ruden, upon State approval;an amended leaseor other proofof occupancy to cover the length of the license be submitted to the