Sacramento city council approves new rules to allow dispensary owners to sell their business

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The Sacramento Bee… Sacramento’s 30 existing cannabis dispensary owners will now be able to sell the majority of their business after the city council Tuesday night approved new rules allowing ownership transfers. A plan suggested by city cannabis manager Devina Smith to allow cannabis consumption lounges connected to dispensaries was not in the package approved by the mayor and council. Dispensary owners have complained that an outright city ban on dispensary transfers or sales was unfair, but the rules were imposed in November 2019 after The Sacramento Bee disclosed that one business group had acquired a third of the city’s dispensaries despite prior city transfer prohibitions. Members of the city council are also eyeing whether they should lower the four percent city tax on gross revenue from cannabis businesses in Sacramento, though no action was taken at Tuesday’s meeting. Much of the discussion Tuesday centered on 10 new dispensaries scheduled to open in Sacramento under the city’s social equity or core program.

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The Sacramento Bee…

Sacramento’s 30 existing cannabis dispensary owners will now be able to sell the majority of their business after the city council Tuesday night approved new rules allowing ownership transfers. Dispensary owners have complained that an outright city ban on dispensary transfers or sales was unfair, but the rules were imposed in November 2019 after The Sacramento Bee disclosed that one business group had acquired a third of the city’s dispensaries despite prior city transfer prohibitions. The rules Tuesday also allow dispensary owners to own minority interests in other dispensaries, changing the one dispensary per owner rule,...

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