(A) Commercial cannabis permits issued under this chapter are valid only to the approved permittee at the specified approved location, and is therefore non-transferable to other persons, entities, projects or locations, without the filing of a new application.
(B) No commercial cannabis permit may be sold, transferred or assigned by a permittee, or by operation of law, to any other person, persons, or entities. In the event a permittee sells or transfers the business to a new owner and/or operates the business under a new entity and/or name not listed on the CCBP, the new owner must obtain a new CCBP and business license prior to commencing or continuing operations. A commercial cannabis business shall be deemed to have transferred to a new owner within the meaning of this section if person(s) or entities with controlling interest at the time the CCBP was first issued cease(s) at any time to possess controlling ownership interest and/or an ownership interest of less than 51%.
(Ord. 1063, passed 2-15-2022)