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City Manager Removes MedMen From City Process to Open Pasadena Store

Steve Mermell

Dispensary’s application rejected after material changes in company

According to a document obtained by Pasadena Now, a cannabis dispensary seeking a Conditional Use Permit has been removed from the city process due to personnel changes in the company that led to a change of control of the cannabis operation.

In an Aug. 27 letter addressed to officials at MedMen (which applied as MME Pasadena), City Manager Steve Mermell wrote, “ It is my finding that there has been a material change in ownership and/or management in MedMen such that the ev aluation and scoring of MedMen’s Application is no longer valid. As such, it is my decision that: there is a change of control, MedMen has lost the right to proceed  through the cannabis permitting process, and MedMen’s Application is hearby rejected.”

The decision came after a remote interview in July. The company submitted more material shortly after the interview.

According to the city’s process, “A change of ownership and/or management is not allowed and is considered material where it constitutes a change of control.”

Gotham Green acquired a beneficial ownership in the control and maintains 31.9 percent of the company’s voting power and 575,434,313 shares, which makes it the second largest shareholder in the company.

To Read The Rest Of This Article By Andre Coleman on Pasadena Now

About the author

Marzena Bonar

Marzena Bonar

Marzena's passion for writing impressed all of us and now she dedicates her time for writing beautiful researched articles related to the hemp industry around the globe.

Marzena gratuated the University of Economics in Katowice.

She can be reached out at: Marzena.Bonar@hempstashnews.com

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