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Port Hueneme council finds five cannabis development agreements in default, gives 30 days to cure
Summary
The City Council voted unanimously to find five cannabis development agreement holders out of compliance and directed staff to issue notices and begin revocation if defaults are not cured within 30 days. One site has a court-appointed receiver who said he expects to make a principal payment.
Port Hueneme City Council voted unanimously on Oct. 20 to find five cannabis development agreement holders out of compliance and directed city staff to provide written notice and begin the process to revoke the agreements and associated conditional use permits if the defaults are not cured within 30 days.
The council action followed a staff presentation listing the five development agreements under review: Hueneme Patient Consumer Co-op (HPC); Port Hueneme Organic Team Inc.; Red Mule Group LLC; PH Investment Group LLC (Element 7); and Fire Garden LLC. Staff said failures included permanent closure (HPC), failure to begin operations after extended deadlines (Port Hueneme Organic Team and Red Mule), and missed contractual payments equal to 5% of gross revenues…
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