CORE Stakeholders Meeting on Cannabis Dispensary Permits

Slide Note

The Office of Cannabis Management (OCM) conducted a CORE stakeholders meeting to gather feedback on additional storefront dispensary permit opportunities. The purpose was to obtain input on a proposed framework for allocating permits. The meeting emphasized a respectful space for comments, with ground rules encouraging concise feedback. Previous directives from the Council and survey results on allocation methods and permit numbers were also shared. The next steps include drafting necessary code changes and resolutions, as well as preparing a staff report for the Law & Legislation Committee.

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Prepared by the Office of Cannabis Management CORE Stakeholders Meeting 3:00pm-5:00pm March 7, 2024 CORE Storefront Dispensary CORE Storefront Dispensary Listening Session 2 Listening Session 2

Ground Rules Respectful space to obtain feedback on a very limited topic Be concise in your comments and speak on what you want rather than spending time on what you don't want Wait to ask a question/comment until you're called on and if you've already spoken on the topic, we may call on those who haven't spoken before calling on you We will be polling for your feedback at the end, you can register your preferences there if you'd rather not speak during this listening session

Purpose of Listening Session Obtain input from CORE participants on a possible framework for additional storefront dispensary permit opportunities Next Steps: OCM will work with City Attorney to draft necessary code changes and resolutions OCM will draft staff report and schedule for the Law & Legislation Committee

Previously..... January 23, 2024 - Council directed OCM to develop a proposed framework for the number and method of allocating storefront dispensaries for CORE participants with goal of presenting at L&L in April (See Item 12 on City Clerk's Council Agenda) February 9, 2024 - First listening session held on optimum number of storefront permits and allocation methods (See "Meetings and Events" on OCM website for recording)

2/9/24 CORE Storefront Survey Results on Allocation Methods Top three preferred methods of allocating dispensary opportunities Other Options: RFQ List (#11 to 20 or 25) 1 14 Qualified Lottery Process Hybrid (RFQ List and new process) 1 4 Only RFQ List 1 7 Date Order Processing Process Qualified Lottery with interview 1 Merit Based 6 Normal Lottery Process 3 Have most shelf space

2/9/24 CORE Storefront Survey Results on Permit Numbers 31 attendees responded to How many storefront dispensaries permits should OCM ask the City Council to make available for CORE? Preferred number of permits to be made available 36 to unlimited 5 30 to 35 Stores 5 20 Stores 13 5 to 10 Stores 8 0 2 4 6 8 10 12 14

CORE Storefront Discussion Roadmap What are the qualifications/criteria for the Qualified Lottery Process? How long should the storefront dispensaries stay CORE (51% CORE ownership)? Should the number of CORE storefront dispensary permits dictate the length of CORE ownership?

CORE Qualified Lottery Process Recap Qualified Lottery Process is a blind, random selection process for CORE participants with a minimum and business readiness submittal component. Step 1: Pre-Lottery application with minimum criteria Step 2: Lottery application with business readiness qualification submittals Step 3: Lottery Step 4: Those selected would start BOP Process

Qualified Lottery Process Business-Readiness Qualifications & Criteria Potential qualifications and criteria: A presentation and/or interview of the CORE applicant and their team Business plan, budget, and business formation documentation Completion of cannabis business courses/modules/trainings Demonstrated involvement in the Sacramento Cannabis or CORE community Fiscal readiness or investment commitment Experience operating a cannabis business Experience owning and operating any type of business Others?

Length of CORE Ownership (51%) and Number of Permits 10 years 20 years In perpetuity

CORE Survey Instructions Scan QR or use the URL https://forms.office.com/g/kB8HdPAzgW

CORE Survey Q3) Please select the qualifications and criteria that you believe OCM should include in the Qualified" Lottery Process Please select at most 3 options A presentation and/or interview by the CORE applicant and their team Business plan, budget, and business formation documentation Completion of cannabis business courses/modules/trainings Demonstrated involvement in the Sacramento Cannabis or CORE community Funding or investment commitment Experience operating a cannabis business Experience owning and operating any type of business Other

CORE Survey Q4) How should we evaluate the qualifications and criteria? Scoring rubric Complete documentation/criteria/qualification Other

CORE Survey Q5) Should the storefront dispensaries remain CORE (51% CORE ownership) for? 10 years 20 years In perpetuity Q6) Should the number of CORE storefront dispensary permits dictate the length of CORE ownership? Yes No Q7) What is your reasoning on whether the number of CORE storefront dispensary permits dictate the length of CORE ownership? Text answer