HOT SPRINGS — A dispute over ownership of the only licensed medical marijuana dispensary inside the Hot Springs city limits has been resolved, ending an almost two-year court battle.
An amended operating agreement signed earlier this month listed Dragan Vicentic as having full ownership of Green Springs Medical, a Seneca Street dispensary that’s at the heart of an ownership dispute that started shortly after its May 2019 opening.
Bruce Simpson — who filed suit in Garland County Circuit Court in September 2019, alleging that Vicentic forced him out of the business — no longer has an ownership interest.
A consent agreement — included with Special Judge Ted Capeheart’s July 9 order authorizing Vicentic and Simpson to negotiate an amended operating agreement — said Simpson received a lump-sum payment as part of a settlement.
“The parties have reached a confidential settlement that requires Simpson to relinquish any office or position with Green Springs and transfer to Vicentic any and all rights in the permit, Green Springs and its property in exchange for a fully satisfactory one-time payment and other warranties, releases and obligations,” the consent agreement said.
Vicentic’s and Simpson’s attorneys issued a statement last week.
Vicentic and Simpson “have agreed