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CCB approves multiple transfers of interest and limits waivers, flags past unapproved transfers
Summary
The Cannabis Compliance Board approved several transfer-of-interest requests Feb. 20, 2025, including Zion Gardens and Greenleaf transactions, limited requested NCCR 5.112 waivers to the next TOI date and directed further review of potential unapproved past transfers.
The Cannabis Compliance Board on Feb. 20 approved a slate of transfer-of-interest applications and associated time-limited waivers while directing further review of possible unapproved transfers by some licensees.
Division Chief David Staley summarized investigative reports for multiple applicants, including Zion Gardens LLC, Greenleaf Enterprises and entities emerging from MJ Holdings’ receivership. Staley told the board that staff found documentation and IRS filings suggesting earlier, unapproved ownership changes in the Zion Gardens matter and presented options for board action, including conditional approvals, denial or referral to the attorney general for further review.
A Zion…
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