Apply for a Change of Ownership of a Marijuana Business

A Marijuana License Change of Ownership Application must be submitted for: 

  • A Change of Controlling Beneficial Owner
  • The Reallocation of Owner Interests Among Existing Controlling Beneficial Owner(s)
  • The Removal of a Controlling Beneficial Owner
  • A Change of a Passive Beneficial Owner to a Controlling Beneficial Owner
  • Any change involving an Owner Licensee (licensed by the Colorado Marijuana Enforcement Division), including a Change of Executive Officer or Change of Member of Board of Directors
  • A Change of Legal Name
  • A Change of Entity Type

Changes of Ownership for Licenses Held by Social Equity Applicants 

Prior to July 1, 2027, any license held by social equity applicants shall be transferable either to other social equity applicants or non-social equity applicants so long as fifty-one percent (51%) or more of the license is held by one or more social equity applicants. After July 1, 2027, licenses held by social equity applicants shall be transferable either to other social equity applicants or non-social equity applicants upon approval by the director.

Submit a Change of Ownership Application

Step 1.Complete the Application

Complete the Marijuana License Change of Ownership Application(PDF, 370KB). Applications must be complete and include all required documents. (The required forms and documents can be found in the Required Forms section below the step-by-step guide.) Legal documents included as part of this application must be properly signed and executed. All materials must be legible. Incomplete applications will be rejected. 

Step 2.Submit the Application

Marijuana License Change of Ownership Applications must be submitted to EXLSubmit@denvergov.org. Do not make an in-person appointment to submit a Marijuana License Change of Ownership Application.  

Submit the complete application with all required documents to EXLSubmit@denvergov.org.  

Step 3.Pay the Required Fees

A city licensing technician will provide an invoice during or after application intake. Pay the required fee. (Information about fees can be found in the Required Fees section below the step-by-step guide.) Make checks payable to the "Manager of Finance." You may also pay in cash, or with a Visa, Discover or Mastercard.  

You can pay online. You can also make a payment over the phone by contacting Payments and Cashiering at 720-865-2780, Tuesday through Thursday, 8 a.m. to 4 p.m. If there is no answer, please leave a message and ask to be called back. Payments and Cashiering is also open for in-person payments Tuesday through Thursday, 8 a.m. to 4 p.m. (Hours and days of operation are subject to change without notice.)  

Step 4.City Application Review

A city licensing technician will review the application and all required documents. This review may take 20 business days, but could take longer depending on the volume of applications pending before the Department. 

Step 5.Conditional Local Approval

If the change of ownership meets local requirements, a city licensing technician will issue a letter of conditional local approval. It is the applicant’s responsibility to provide the Marijuana Enforcement Division investigator assigned to the state change of ownership application with a copy of the letter of conditional local approval, if required. In addition, the state Marijuana Enforcement Division requires some applicants to sign and submit a Schedule A Effective Date of Change of Ownership. For more information on the Schedule A Effective Date of Change of Ownership, please talk with the Marijuana Enforcement Division investigator assigned to your state change of ownership application. 

Step 6.Obtain Final State Approval

Obtain proof of final state approval of the change of ownership. Proof of final state approval indicates that the requested change of ownership was approved and, unless otherwise stated, indicates that the change of ownership is effective immediately. A Contingent Approval Letter Pursuant to Rule 2-245(3) is not final approval.  

Please note: The applicant is responsible for completing a state Change of Controlling Beneficial Owner Application, Disclosure - Changes Exempt From the Change of Owner Application, or Disclosure - Change of Executive Officers or Members of Board of Directors, if required. The Department requires proof of state approval of the change of ownership. If the state requires no application or disclosure form or otherwise will not provide proof of approval of the change of ownership, confirm that in an email with a representative of the Marijuana Enforcement Division. 

Step 7.Email Excise and Licenses

On the Effective Date of Change of Ownership, e-mail EXLApplications@denvergov.org with:   

  • The Amendment Record ID(s) for the change(s) of ownership. 
  • Proof of state approval for the change(s) of ownership; if the state requires no application or disclosure form or otherwise will not provide proof of approval of the change of ownership, please provide an email from a representative of the Marijuana Enforcement Division that confirms no state application or approval is required. 
  • A request to close the Amendment Record ID(s) for the change(s) of ownership.    

Please note: A new city license will not be issued before the Effective Date of Change of Ownership. 

Step 8.We'll Update the Record

A city licensing technician will update your record with the new ownership information and note that the change of ownership has been completed. A licensing technician will also issue a new city license (if the change requires a new city license to be issued and if there are no pending amendment records).  

All applications will be administratively closed if they are not completed within 12 months.

The following forms and documents are required. Applications must be complete and include all required documents. Legal documents included as part of this application must be properly signed and executed. All materials must be legible. Incomplete applications will be rejected. 

  • A complete Marijuana License Change of Ownership Application(PDF, 370KB).
  • A copy of a valid government-issued identification for each new Owner Licensee associated with the license (required). 
  • A copy of organizational or corporate governance documents - bylaws, operating or partnership agreement, etc. (required). 
  • A copy of the organizational chart, including the identity and ownership percentage of all Owner Licensees (required). 
  • A copy of the asset purchase agreement, merger agreement, sales contract or any other document necessary to effectuate the change of owner (required). 
  • Proof of eligibility for any Social Equity Licensee listed in the ownership structure (required only if Social Equity Licensees are listed in the ownership structure).  
  • A copy of the new burglar alarm monitoring contract (required only if the entity name changes). 
  • A copy of the new burglar alarm permit (required only if the entity name changes). 
  • A copy of the new city sales tax license (required only for stores if the employer identification number changes). 
  • Proof of Legal Possession of the Premises (required only if the entity name changes; if the entity name changes the provided Proof of Legal Possession of the Premises must reflect the new entity’s name). Only one of the following must be submitted: 
    • A complete Possession of Property Certificate; or 
    • A deed; or
    • A complete, unredacted lease, including all lease amendments; if leased, the owner must provide written consent to lease the property to a marijuana facility, and the lease must be valid for at least 90 days from the date a complete application is submitted.

During or after application intake, you will receive an invoice for $250 per license affected by the Marijuana License Change of Ownership Application. Make checks payable to the "Manager of Finance." You may also pay in cash, or with a Visa, Discover or Mastercard. You can pay online. You can also make a payment over the phone by contacting Payments and Cashiering at 720-865-2780, Tuesday through Thursday, 8 a.m. to 4 p.m. If there is no answer, please leave a message and ask to be called back. Payments and Cashiering is also open for in-person payments Tuesday through Thursday, 8 a.m. to 4 p.m. (Hours and days of operation are subject to change without notice.)