Board approves Masters Farm renewal; owner says transfer-of-ownership application pending

The Pueblo County Liquor and Marijuana Licensing Board on July 14 approved the renewal of a retail marijuana cultivation license for Masters Farm LLC (doing business as Lady Jane) at 1201 Siloam Road. Board members voted to approve the renewal after owner Kelly Fancher told the board the business had not had taxable events recently but that a buyer has submitted a transfer-of-ownership application and the county is awaiting a change-of-ownership letter from the state. “We currently have the license is being renewed because we have a buyer of the license right now, and that application for the transfer of the license has been submitted,” Fancher said. Board members and staff confirmed that the license must be in good standing before a transfer can be completed and that the licensee had been active historically. Fancher said she started the business in 2017 and had operated for several years while attempting to sell the business for about a year and a half. The motion to approve the renewal was moved by Judith Stein and seconded by Sarah Habib and passed unanimously. Staff said that once state approval is received and the county receives the change-of-ownership letter, the county application process will be completed and the change can be put on a future agenda as required. The board did not refer this item for a hearing and approved the renewal as submitted.