The market for buying and selling licensed cannabis businesses has perhaps never been hotter, with demand fueled by new entrants into the industry, hopes for federal marijuana reform and multistate operators keen to expand their footprint.
On the flip side, marijuana business owners selling their properties on the secondary market aim to cash in on the boom, according to industry officials.
Assets changing ownership span the gamut: from vertically integrated companies with retail operations, to edibles kitchens and cultivation operations as well as commercial properties zoned for marijuana businesses.
Also included in the mix are hemp businesses, licenses for marijuana companies with no real estate attached and stand-alone cannabis stores, grows, manufacturing plants and other assets.
“The cannabis business is piping hot right now,” said Ryan George, founder of California-based 420Property.com, a website that lists marijuana businesses and properties across the country that are for sale.
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