Offering For Sale Medical, Recreational and Ancillary Cannabis Businesses
Enjoy these fabulous Retail Cannabis Build-Outs and Retail Grow Operations. These stores are not for sale.
Cannabis Business Brokers is now offering Retail Cannabis locations for sale in states where medical and recreational cannabis use is now legal. We are pleased to offer a wide range of cannabis businesses for sale. Cannabis Business Brokers has 39 years of Business Brokerage experience and are vetted and educated in Retail Cannabis procedure, guidelines, and rules. We know the already approved areas for each county. CBB has been training for the past 3 years in cannabis protocols, rules & procedures in each state that cannabis is legal in. We estimate Massachusetts will have locations available for sale within 1 year compared with California, Arizona, and Colorado's growth, timeline in cannabis retail. Meanwhile, for those who want to open a new retail location in Massachusetts rather then purchasing an existing one, this is our specialty. We are building an approved geographic locations list by local town officials of each city and county. This list grows daily. Whether a cannabis business operator is pursuing an acquisition or an exit, it’s important to understand the standard approaches investors take when evaluating such opportunities.
The Retail businesses we offer are in Massachusetts, Maine California, Colorado, Rhode Island, and Arizona. There's a great deal of money to be earned in this industry with retail shops selling edibles, oils, infused drinks / food and flower. It's like the gold rush of Nome Alaska all over again but with Cannabis. Store fronts are popping up everywhere in Massachusetts since recreational use was legalized. A Papa Gino's location in Framingham was converted to a dispensary. A prior Tavern in Lynn MA. was also being converted to a dispensary.
We have access to closed restaurants and eatery's which make perfect cannabis dispensary locations. The CCC (Cannabis Control Commission) in Massachusetts has training workshops available for any retail operator wanting to learn procedure, rules, health facts etc. for opening and running a retail cannabis entity. They answer the phone and are extremely kind and helpful. You will not see our complete list of available store fronts here, as some owners do not want their busi. Last but not least we are a member of www.thecannabisindustry.org and are networked with thousands of entities in the Medical and Recreational sale of cannabis.
ISO 17025 Turn-Key Accredited Cannabis Laboratory's for sale
Med/Rec Dispensary, Cultivation, & MIPs Lab Investment Opportunity's
We can list your Cannabis Delivery Service / License for sale. Cannabis Business Brokers offers a vast database of active qualified buyers looking for your business. With 39 years of Business Brokerage under our belts you can be assured that you're joined at the hip with professional, expert, and knowledgeable brokers who attend all of the Expos, Seminars, and have the experience to bring your dream to frutation. An experienced business broker is essential to ensure all offerings are legitimate and within the law, and also that buyers are vetted and qualified.
Don't go it alone. A Cannabis Business Broker has the buyers who are qualified,vetted, and want to purchase your business. Buyers spending large amounts of money on the most important thing in their life prefer using a broker as when buying a home, another huge important investment. Transactions as large and important as Grow Operations, Retail Dispensary's and Delivery Services require experienced professionals to handle the extremely large transactions and to ensure compliance with local and state rules.
Retail Dispensary's can cost as much as $15 Million Dollars! Are you really considering going it alone on a purchase that large? You will need a good attorney and a better broker. Brokers charge a commission where as attorneys bill by the hour. The broker does a ton of leg work, during the purchase process for the buyer. We earn every cent of our commission as we go above and beyond the call of duty. We have established and partnered with affiliate brokers in states that we sell Cannabis Businesses in.
FRONT PAGE NEWS
Cannabis companies Tilt Holdings and Sira Naturals could face fines of more than a quarter-million dollars each for alleged violations of state licensing rules.
The violations and combined $570,000 in fines were outlined in meeting documents posted in advance of the state Cannabis Control Commission’s Thursday hearing. The commission will have to vote on any proposed fines.
According to the documents, Tilt exceeded the state’s licensing cap, which allows one operator to control no more than three licenses of any type. Yet Tilt operated or controlled five medical marijuana cannabis licenses, the documents said: two provisionally licensed Commonwealth Alternative Care entities in Cambridge and Brockton, one final-licensed Commonwealth Alternative Care entity in Taunton, along with both Quincy-based medical marijuana dispensary Ermont and Verdant Medical. Tilt also had agreements with Elev8 Cannabis Inc. and Herbology Group, and had submitted through its Commonwealth Alternative Care license applications for non-medical retail and licensure.
The findings are in line with a Boston Business Journal report in 2019, which outlined that Tilt and other cannabis companies were exceeding the state’s cap on licenses through management contracts.
The commission's action is the latest attempt by state regulators to crack down on the practice. In 2019, cannabis regulators went on to refine its definitions around what it means to control a license and then hired an outside firm to help it audit these contracts.
Cannabis regulators had already specifically targeted Tilt, forcing the multi-state cannabis conglomerate to dissolve its management contract with Elev8 in 2019. At the time, Tilt said it intended to dissolve all its contracts with the affiliated companies.
According to Thursday’s meeting documents, Tilt went on to dissolve its agreement with Herbology group in May 2020. In February 2021, Tilt said it had sold Ermont’s debt to Teneo Capital Management. Tilt also released Verdant Medical from its obligations under the loan in February 2021, the documents showed.
The commission noted that though Tilt exceeded the state’s licensing cap, it had formed many of the agreements when DPH regulated marijuana, when there were loose definitions of what constituted control of a license. It also applauded the company for terminating the agreements once new management was in place and for cooperating with the commission.
“Notwithstanding the foregoing, the commission recognizes relevant material mitigating factors to consider when weighing Respondent’s conduct,” the commission wrote.
"(We're) making sure we’re as compliant as we can be, not just in Massachusetts but in all of our states," Santo said. "We’ve worked hard to get to where we’re at. We need to be accountable, and have stepped up to do that."
Cannabis regulators will also consider $295,000 in fines against Sira Naturals, which currently has medical-marijuana dispensaries in Needham, Somerville and Watertown, as well as recreational cultivation, product manufacturing and transport licenses in Milford. The dispensary is also seeking a marijuana-research facility in Milford, and recreational dispensaries in Boston, Somerville and Watertown, according to state licensing data.
According to meeting documents, the commission has charged Sira with four violations, largely for allowing contractor Stalk & Beans to deliver marijuana products without being properly licensed.
Meeting documents outlined that Stalk & Beans had approval to transport marijuana products from Sira Natruals to affiliated facilities, a holdover from allowances under the Department of Public Health. Yet Sira repeatedly allowed Stalk & Beans to make transports of products to between five different licenses, none of which were affiliated with Sira. Additionally, members of Stalk & Beans' team didn’t have proper licenses with the state to act as carriers, according to state documents.
Stalk & Beans would have been allowed to conduct such transports if it had been licensed by the commission or if it had requested and received permission from the other dispensaries. In total, Stalk & Beans improperly transported cannabis products 38 times.
“By providing Stalk & Beans with approval to utilize its Existing Marijuana Transporter License, Sira Naturals created an alternative to licensure and stepped into the shoes of the regulator. This exceeded the limits of the final license issued to Sira Naturals by the Commission,” the documents said.
In addition to a fine, the commission rescinded its approval to allow Stalk & Beans to transport marijuana in any capacity, and Sira could face a one-year probation and a cease-and-desist order on doing business with Stalk & Beans.
The licensee neither admitted or denied the violations, but according to documents had agreed to the fine. Neither a spokesman for Cannabis Strategies Acquisition Corp, the parent company of Sira, nor a Sira employee responded to requests for comment.
Eastern Bank plans to continue Century Bank’s marijuana-banking business once it acquires its competitor later this year, Eastern's chief executive said Thursday.
Century (Nasdaq: CNBKA) was the first Massachusetts bank to accept deposits from marijuana-linked businesses and, despite the growth of the state’s cannabis sector, remains one of only a handful willing to do so today. Even though recreational and medical marijuana use is legal in Massachusetts, it remains illegal at the federal level, creating complications and uncertainty in a banking industry that is known for its aversion to risk.
Eastern is one of the many local lenders that has not banked cannabis businesses, according to executives. On an investor call about the proposed $642 million acquisition, Eastern CEO Bob Rivers addressed the issue head on: “Certainly one of the things that you probably know about this franchise is they’re the largest marijuana banking enterprise here in Massachusetts. That’s something that I believe only three other banks in the market have done. It’s something that we haven’t done in the past, but one that we’re excited to learn,” he said.
Century’s marijuana banking was a major focus of Eastern’s due diligence ahead of the merger agreement, Rivers and Century CEO Barry Sloane said in interviews Thursday.
Prior to the acquisition, Eastern had considered whether to enter cannabis itself, but its leaders weren’t sure it was worthwhile to build up the necessary financial and legal infrastructure, according to Rivers. During merger talks, one thing brought him comfort about the prospect of banking marijuana firms, he said: Sloane’s own comfort with the sector.
“Barry's a really conservative guy,” Rivers said. “He doesn't venture into this business because he's a champion of marijuana, per se. He ventured into it because he thought it was good business. He saw an opportunity. He, being so detail-oriented, understands it up, down and sideways. ... We always would say, ‘Well, if anyone's figured this thing out, it's Barry.’”
'Good customers of ours'
For years, Century executives were unwilling to publicly discuss their marijuana operations. The bank started in the mid-2010s by providing deposit and checking services to medical marijuana operators for a hefty fee, though it has since expanded to recreational cannabis businesses. It did not initially lend to firms that directly handle cannabis, since a loan poses longer-term risks than something like deposit services, but it has since done a limited amount of real estate lending to such businesses, according to Sloane.
Had Century been acquired by a bank uninterested in entering the cannabis market, it would have left the state’s marijuana sector with even fewer options than it already has. Other than Century, the only Massachusetts-based financial institutions known to be in the business are Northern Bank & Trust, GFA Federal Credit Union and BayCoast Bank.
“Bob was welcoming to it. I’m happy to hear that because these are good customers of ours. We want them to be well taken care of,” Sloane said.
Northern’s involvement with the cannabis industry has not been previously reported. It appears to be the second-largest financial institution in the state to enter the space, behind Century. A request for comment to the Woburn-based lender’s executives was not immediately returned. It recently posted a job for a deposit relationship manager for cannabis clients.
Cannabis Control Commission Chairman Steven Hoffman said the addition of Eastern into the cannabis industry would bring even more capacity in addition to the other banks serving cannabis clients and three additional banks he said are undergoing the due diligence to enter the market.
"Any bank servicing the cannabis business is taking some risk, given federal law," Hoffman said. "I'm grateful for those who have stepped up because they've made an incredible contribution to public safety."
A critical role
While Century’s name will soon disappear off bank branches, it will leave a legacy in the state’s marijuana sector. Without Century's initial foray into the cannabis space, there would be no cannabis industry in the state, said Jim Smith, an attorney with Smith, Costello & Crawford who does work with dozens of cannabis clients.
"Century’s role was critical and can never be understated," he said. "There was no banking here. The nearest thing we had to banking was one Colorado credit union willing to talk to people. But there was no banking here without Century. Their role was critical."
Smith remembered even walking with a client to different banks at the corner of State Street and Congress Street in Boston. Bank of America, Citizens Bank, Salem Five and Santander Bank all kicked the client out as soon as they mentioned they were a dispensary, Smith said. Yet Century was willing to talk.
The expansion of banking under the auspices of Eastern is promising news for the industry as well, as it may encourage more entrants in the space. However, true reform won't come until Congress passes a bill to allow banks to work with cannabis companies unencumbered, according to Smith.
"This is a positive step Eastern is taking, but we have a long way to go," he said.
“If You Feel Different, You Drive Different.” just don't do it!
GREEN, MEAN, FLYING MACHINE
Seattle Company GRN Holdings plans to launch a weed delivery service that will use drones to transport up to 90 pounds of cannabis from cultivators to dispensaries. Licensed drone pilots will operate the flights which will be followed by a command center in Seattle. Each drone will feature a flying range of over six miles and come equipped with a tracking device.
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Massachusetts to limit number of cannabis delivery licenses
Marijuana regulators in Massachusetts decided Tuesday to restrict the number of recreational cannabis delivery licenses and rejected a plan to delay delivery until 2023.
According to the State House News Service, the Massachusetts Cannabis Control Commission agreed to allow one business to own up to two delivery licenses – either two marijuana delivery courier licenses, or two MJ delivery operator permits or one of each.
Industry officials and advocates in the state have been discussing adult-use cannabis home delivery as a way to give social equity applicants a leg up and also provide another option that could be profitable – wholesale delivery.
Under the new rules, the delivery licenses would be available exclusively for the first three years to social equity and certified economic-empowerment applicants.
Cannabis Customers Can Now Buy Marijuana From Vending Machines In Colorado
A company called anna put up their weed vending machines this month at Strawberry Fields dispensary in Pueblo, Colo., and will put up more at Starbuds dispensary in Aurora, Colo. over the coming weeks.
The customer experience with anna is akin to self-checkouts at grocery stores and pharmacies.
Shoppers can browse in-store using anna’s touchscreen, and can also order online by scanning their QR code upon arrival at the dispensary. The new technology allows customers to check out within a minute and receive their cannabis products while also maintaining social distancing and staying safe during the ongoing pandemic.
“While the demand for this technology was around long before the pandemic, the presence of COVID-19 has certainly sped up the desire to adopt contactless payment into the dispensary process,” anna CEO Matt Frost told FOX Business. “Likewise, COVID-19 has exacerbated the long wait times often associated at dispensaries. anna allows customers who know what they want to pre-order and be in and out of the dispensary in under a minute, while freeing up budtenders to spend more time with customers who want that individualized experience.”
The new weed vending machines will add to an already thriving marijuana industry in Colorado, whose governor designated it a “critical” business at the outset of the pandemic.
Marijuana sales in May set an all-time record in Colorado with $149,186,615 total recreational sales, according to data released by the Department of Revenue’s Marijuana Enforcement Division. That record was shattered the next month in June when recreational sales totaled $158,102,628.
Shannon Gray, a spokesperson for the Department of Revenue, noted that this is part of a long-term trend, as Colorado has set new marijuana sales and tax revenue records each year for the last six years since Colorado legalized weed for recreational sales in 2014.
The state is on track to break the record again as it sold $978,350,185 worth of weed through the first half of 2020. The state saw $1,747,990,628 of sales in all of 2019.
More self-checkout weed vending machines by anna are set to open in Massachusetts in September, with plans to expand to Nevada, California and Canada next year.
"We’re only a week into deployment, but we’re excited by the interest and curiosity we’ve seen so far, and we expect customers to quickly become accustomed to using the technology as time goes on," Frost said.
Cannabis Control Commission Approves Regulations for Adult Use Delivery in Massachusetts
WORCESTER— The Cannabis Control Commission (Commission) on Thursday approved draft regulations that establish two Marijuana Establishment types that would be authorized to deliver adult-use cannabis directly to consumers in the Commonwealth: Limited Delivery Licenses and Wholesale Delivery Licenses. Thursday’s meeting was part of the Commission’s ongoing deliberations to modify Massachusetts’ medical- and adult-use cannabis regulations this year.
The Commission’s development of Limited Delivery Licenses and Wholesale Delivery Licenses follows its promulgation of a Delivery-Only, Delivery Endorsement, and precertification licensing process in 2019 which received substantial public feedback during the agency’s initial 2020 regulatory review period. The Limited Delivery License represents an evolution of the Delivery-Only License the Commission had previously approved in 2019, and maintains those policies and provisions in order to keep barriers to industry entry low and support participation by applicants with limited capital. In direct response to public comment received during the initial 2020 regulatory review period, the Commission approved the new Wholesale Delivery License authorizing businesses to purchase marijuana and finished marijuana products at wholesale from Cultivators, Craft Marijuana Cooperatives, Product Manufacturers, and Microbusinesses, and sell individual orders directly to consumers. By expanding the delivery operations available to licensees, the Commission also adopted additional compliance requirements for Wholesale Delivery Licenses pertaining to wholesaling, warehousing, white labeling, and sales.
To further the agency’s mission of ensuring meaningful participation in the legal cannabis industry by communities that have been disproportionately harmed by marijuana prohibition, the Commission’s draft delivery regulations specify that both license types will be exclusively available to Certified Economic Empowerment Applicants (EEAs) and Social Equity Program (SEP) Participants for a minimum of three years. The draft regulations differentiate Limited Delivery Licenses and Wholesale Delivery Licenses from Retail Marijuana Establishments, which are required to have a storefront, and specify they would be subject to the Commission’s overarching ownership and control provisions. As a result, a single entity may be able to hold up to three Wholesale Delivery Licenses, or three Limited Delivery Licenses, or three Marijuana Retailer licenses, or three of any combination of those. Commissioner Britte McBride, who presented the draft regulations to her colleagues Thursday, noted applying these control limits enable the agency to continue defending against a small number of licensees controlling or attempting to dominate the Commonwealth’s regulated market.
Among the draft delivery regulations approved Thursday, the Commission approved:
Limited Delivery Licenses
Levying a $1,500 application fee and $5,000 annual licenses fee; and
To support unobstructed pathways into the regulated industry, all Limited Delivery application and license fees would be waived for EEAs and SEP participants in their first year of licensure under the exclusivity period; and
Annual license fees also would be reduced by 50%, or to $2,500, upon renewal and all subsequent years for applicants eligible for the exclusivity period.
Automatically converting existing Pre-Certified “Delivery-Only” applicants to Limited Delivery Applicants.
Wholesale Delivery Licenses
Levying a $1,500 application fee and $10,000 annual license fee;
Annual license fees would be reduced by 50%, or to $5,000, for EEAs and SEP participants in accordance with the Commission’s traditional fee structure.
Applying the same security provisions required of all Marijuana Establishments operating indoor areas to Wholesale Delivery Licenses;
Wholesale Delivery Licenses would be required to maintain a warehouse; and
Warehouses would be required to comply with limited access area regulations and have a loading area or sally port where vehicles can be securely loaded.
Requiring the same product storage provisions regulating all other Marijuana Establishments to Wholesale Delivery Licenses, including adequate lighting, ventilation, temperature, humidity, space and equipment;
Extending the equivalent Marijuana Establishment requirements related to age verification; limitations on sales; unauthorized sales and right to refuse sales or delivery; recording sales; consumer education; testing; product database; and vendor samples to Wholesale Delivery Licenses;
Authorizing Wholesale Delivery Licensees to white label, or affix a product label that includes the branding (name and logo) of a specific Marijuana Establishment to a finished marijuana product that was previously produced and packaged by a licensed Product Manufacturer, Cultivator, Microbusiness or Craft Marijuana Cooperative for sale to consumers;
White labeling may be performed by the Wholesale Delivery Licensee or the licensed Marijuana Establishment from which the wholesale originated; and
Vaporizer products may not be white labeled under the draft regulations to enable the Commission to implement and ensure compliance with new labeling requirements meant to strengthen public health, safety, and consumer awareness around those devices.
Once agency staff incorporate the changes Commissioners adopted Thursday, a segmented version of the draft regulations focusing specifically on delivery will be published and become subject to a public comment period from September 28 through October 15. Only feedback focused on delivery will be considered, as this will be the second opportunity for the public to weigh in on the Commission’s regulations over the course of the 2020 review cycle. View the August 3 public hearing here to access previous public comments the Commission received on the full set of draft medical- and adult-use regulations.
The Commission plans to reconvene to discuss the draft delivery regulations and public comment on October 20. For more context regarding the policies proposed for the Limited Delivery and Wholesale Delivery Licenses, video of Commissioners’ recent discussions can be found on the agency’s Facebook and YouTube pages. Draft regulations and related public meeting materials are available at MassCannabisControl.Com/Documents.
Additional information about the Commission’s regulatory review process is available at MassCannabisControl.Com, by contacting the Commission by phone (774-415-0200) or email (Commission@CCCMass.Com), or following the agency on Facebook and Twitter.