SLO allowing pot dispensary to open under ownership of Dayspring's girlfriend – Cal Coast Times
By JOSH FRIEDMAN
The city of San Luis Obispo will allow embattled marijuana mogul Helios Dayspring’s Natural Healing Center to open with his girlfriend holding the controlling ownership stake, though the dispensary risks losing its permit if it does not begin operating within the next five weeks. [New Times]
Dayspring, who recently pleaded guilty to charges of bribery and filing a false tax return, initially had an 88% ownership stake in Natural Healing Center’s San Luis Obispo location. Last year, while under investigation by the FBI, Dayspring transferred his share of the business to his girlfriend Valnette Garcia.
San Luis Obispo officials allowed the transfer because it followed the rules outlined in the city’s cannabis ordinance, City Attorney Christine Dietrick said.
Prior to the transfer, Garcia had a 3% ownership stake in the business. Since Garcia had already been vetted by the city during its review of Natural Healing Center’s initial application, she did not need to go through any further review, city officials decided.
Attorney Paul Ready notified the city of the ownership transfer from Dayspring to Garcia on Sept. 9, 2020.