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Social-equity applicants ask CCB for time to finalize financing during public comment
Summary
Two Las Vegas-area social-equity applicants requested deadline extensions during public comment, telling the board they were working to secure nonpredatory financing and partnerships.
CARSON CITY, Nev. — Two social-equity applicants used the Cannabis Compliance Board’s public-comment period on March 20 to request more time to meet financial requirements tied to pending applications.
Rachel Lee, president of Sunflower Compassionate Company, told the board she had secured a business bank account and was negotiating with investors but had encountered predatory offers and setbacks. ‘‘This extension is not in vain. I have made some real progress, and now I have, you know, things such as a banking business account for the company,’’ Lee said. She asked the board to grant the extension so she…
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