MARIJUANA PRODUCERS ARE GETTING READY TO SHIP THEIR
FIRST CROP TO RETAIL STORES.
THE TARGET DATE FOR OPENING JUST A WEEK AWAY.
ONE BUSINESS OWNER IS HOPING TO SALE MORE THAN JUST
KXLY 4'S AARON LUNA IS WORKING FOR YOU TO EXPLAIN
HOW THIS PRODUCER/PROCESSOR HAS HIS ENTIRE BUSINESS
UP FOR SALE.
NADINE, SEAN GREEN OF KOUCHLOCK PRODUCTIONS SAYS HE'S
ALREADY HAD AN OFFER TO BUY HIS BUSINESS.
THAT OFFER IN THE MILLIONS.
GREEN HAS A TIER THREE PRODUCER PROCESSOR LICENSE
WHICH MEANS HE CAN GROW 21,00O SQUARE FEET OF MARIJUANA
SEAN GREEN, CEO OF KOUCHLOCK PRODUCTIONS CAN EASILY
BE DESCRIBED AS A PIONEER IN THE MARIJUANA INDUSTRY.
Well, I'm looking to move on to the next step the
next level of our industry,
HE HOLDS A TIER THREE MARIJUANA PRODUCER PROCESSOR
LICENSE ALLOWING HIM TO GROW 21,000 SQUARE FEET OF
NOW HE'S GETTING READY FOR ANOTHER FIRST IN THE GROWING
INDUSTRY, SELLING HIS BUSINESS.
Not looking to sell it to the highest bidder necessarily,
more looking for the most qualified operator.
I've got my blood, sweat and tears into this, really
excited to see what happens as it moves forward,
THE LIQUOR CONTROL BOARD SAYS GREEN CAN'T SELL HIS
LICENSE BUT HE CAN SELL HIS BUSINESS WITH THE POTENTIAL
NEW OWNER ASSUMING THAT LICENSES AFTER UNDERGOING
A BACKGROUND CHECK.
We did field a $2 million offer earlier today.
It is on the lower end, we'll see where that goes,
IN THE MEANTIME GREEN SAYS HE'S READY TO SUPPLY RETAILS
STORES WITH PRODUCT WHEN THEY OPEN SOMETIME NEXT WEEK.
Out here you can see some of the plants he already
has in production.
It ranges from strains of UW Purple, Pineapple Express
and Dutch Treat.
We've nine strains available in this first round.
Total of 62 different strains that are in our rotation
and about another 150 strains that we have seeds to
GREEN MAY HAVE TO OPERATE THAT BUSINESS FOR QUITE
SOME TIME BEFORE HANDING THE REINS TO A NEW LICENSE
THE STATE SAYS THEY'LL ONLY START PROCESSING THOSE
TYPES OF TRANSACTIONS AFTER THEY'RE DONE PROCESSING
CURRENT PRODUCER PROCESSOR APPLICATIONS.
THERE ARE CLOSE TO 3-THOUSAND APPLICATIONS WAITING
FOR THE LIQUOR CONTROL BOARDS APPROVAL.
AS OF LAST WEDNESDAY ONLY 79 PRODOCER PROCESSOR LICENSES
HAVE BEEN ISSUED.
REPORTING IN THE STUDIO AARON LUNA KXLY 4 NEWS.