Green Springs looks for sale to Leafology owner

Brian ChilsonOWNERSHIP: The ownership of Green Springs Medical could be changing.
A Hot Springs dispensary dealing with the revocation of its license will ask state regulators on Thursday for approval to sell the shop to the owner of a Hot Springs medical marijuana cultivator..

Green Springs Medical dispensary will ask the state Medical Marijuana Commission tomorrow to approve a short-lived renewal of its license and to authorize a sale that will get rid of sole owner Dragan Vicentic from its ranks and cause Carla McCord as owner..

McCord owns 60% of Leafology, a medical marijuana grower in Garland County..

Thursday's commission conference follows Vicentic's hearing before the state Alcoholic Beverage Control Board, which started a little after 9 a.m. today. Vicentic faces accusations that Green Springs Medical violated a variety of state regulations, including selling more than 1,800 products with expired lab tests..
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According to a letter from McCord to the commission, she would acquire all of the dispensary's assets and the residential or commercial property, but she would not be responsible for any fines to the ABC or the Medical Marijuana Commission.
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The files did not include a price for the transaction, but McCord's redacted letter referred to the purchase price as "( redacted) million dollars.".
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McCord's letter, which was likewise signed by Vicentic, consisted of a five-year non-compete arrangement for Green Springs and its members. Vicentic is the sole owner..

Vicentic has actually remained in hot water with the ABC over duplicated offenses, culminating in a cancellation hearing before the ABC Board today..
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In a letter dated May 2, ABC Director Christy Bjornson stated the dispensary's actions were careless and that cancellation was the only treatment..

Vicentic appealed the cancellation, which instantly stayed the choice up until the ABC Board might hold a hearing to consider the matter. The dispensary has remained open as the shop's appeal has actually remained in the works..
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Last week, Vicentic's attorney stated he requires more time to prepare his client's defense and asked to delay the hearing. Chip Leibovich, a personnel lawyer at ABC, stated the ABC would oppose a delay unless the dispensary agreed to close in the meantime. Only the ABC Board has authority to delay the hearing.