Pasadena Now has learned that MME Retail, also known as MedMen, could lose the right to move forward in the city’s cannabis process.
According to a July 1 letter signed by Assistant City Manager Nicholas Rodriguez and obtained by Pasadena Now, the city has determined that material control of the company has changed due to turnover within the organization.
At least seven officials listed in MedMen’s initial January 2019 application as owners or key staff, have left MedMen, a change in ownership and/or management is not allowed and is considered material where it constitutes a “change of control,” according to the city’s process.
“The City Manager has reviewed the allegations and evidence regarding MedMen’s change of ownership and/or management, and believes that the changes at MedMen appear to be material and to rise to the level of a change of control,” the letter states.
The company has 10 days to prove it remains under the control of the people listed on its application.
According to the process, it was made clear during the process that the evaluation and final interview was to be of the actual team to be working in Pasadena.
“If the City Manager finds there was a change of control, MedMen shall lose the right to proceed through the cannabis permitting process and its application will be rejected. Any decision of the City Manager shall be final and there shall be no appeal therefrom.”
Allegations against MedMen were made in a letter sent to Pasadena Now, City Manager Steve Mermell and local City Councilmembers from Timothy Dodd CEO of SweetFlower Pasadena LLC.
Dodd called for an investigation into Integral Associates Dena and MedMen Pasadena Retail numerous changes in ownership and management.
City officials did not mention Integral when Pasadena Now reached out for comment on Dodd’s letter on Wednesday.
According to the letter, on June 5, 2019, the same day that the City announced the initial selection results of the cannabis screening application process, Green Thumb Industries Inc. (“GTI”), announced that it had paid $290 to acquire ownership interests in Integral.
Published: July 02, 2020
The post MedMen in Jeopardy of Being Kicked Out of City’s Cannabis Process appeared first on L.A. Cannabis News.
Credit: Source link
