CANNABIS BUSINESS BROKERS
TM.
CB420.COM
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
DELIVERY SERVICES
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.
GROW OPERATIONS
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
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
Bulletin – Recalled Microbial Test Kits
April 11, 2023
On March 9, 2023, a Marijuana Establishment notified the Cannabis Control Commission (Commission) of a product recall issued by Medicinal Genomics Corporation (MGC) regarding a test kit that can be used to measure microbial contaminants in cannabis products under proper laboratory conditions. According to MGC’s Quality Alert Bulletin dated January 18, 2023 (Tab B), this recall was prompted by a potential defect that may have occurred within one specific kit, identified in the alert bulletin by its Stock Keeping Unit no. 420201.
At this time, the Commission has confirmed that only two Independent Testing Laboratories (ITLs) had previously purchased the kit subject to this recall. The agency’s Investigation and Enforcement department is actively identifying cannabis products tested for microbial contaminants that may not be compliant with Commission regulations. The purpose of this bulletin is to inform the public of its active and ongoing investigations into this matter.
The Commission is committed to promoting public health, safety, and welfare. It is possible that some products which passed testing based on the recalled test kits may have moved into the market and remain at Marijuana Establishments or Medical Marijuana Treatment Centers or have been sold. The Commission is investigating this matter and will keep the public updated if it makes findings that implicate an immediate or serious risk to public health, safety, and welfare.
Questions regarding this notice may be directed to the Commission by calling the agency at (774) 415-0200 or emailing Inspections@CCCMass.com.
Come Work with the Cannabis Control Commission!
Interested in public service, policy, and continuing to build a more inclusive cannabis industry in Massachusetts? There are opportunities available now to work or contract with the Cannabis Control Commission. Please share this information with your networks. We look forward to hearing from you!
Career Opportunities
Legal Assistant
Under the direction of the General Counsel and other members of the Legal Department, the successful applicant will be responsible for managing routine legal matters. The Legal Assistant will perform a variety of legal tasks in support of the Commission’s mission, including, but not limited to, the maintenance of systems for managing legal materials, preparation of the minutes of public meetings, and management of requests for public records.
For details and to learn how to apply, please see the full job description on the MassCareers page.
Constituent Services Associate
Deadline to apply: October 31, 2022 by 5:00 p.m.
The Constituent Services Associate serves as a key voice of the Commission, having frequent and essential contact (especially over the phone, but also via email and in person) with members of the Commission’s constituency and the inquiring general public. Reporting to the Constituent Services Manager, this role advances the Commission’s reputation and brand, ensures consistent and accurate information sharing and messaging, and leaves a positive impression on the constituent.
For details and to learn how to apply, please see the full job description on the MassCareers page.
Manager of Community Outreach
Deadline to apply: November 4, 2022 by 5:00 p.m.
The Manager of Community Outreach will work to increase the awareness of the agency’s services and programming among certain communities, facilitating engagements with non-profits, strategic partnerships, agencies, trade associations, and other entities that work towards a more equitable industry.
For details and to learn how to apply, please see the full job description on the MassCareers page.
Manager of Equity Programming and Strategic Partnerships
Deadline to apply: November 4, 2022 by 5:00 p.m.
The Manager of Equity Programming and Strategic Partnerships will support the Director of Equity Programming and Community Outreach in promoting equity-based and diversity-based policies, initiatives, and partnerships; internally and externally within communities, they are designed to benefit and ensure those policies, initiatives, and partnerships are aligned with the Commission’s implementation of its own mission.
For details and to learn how to apply, please see the full job description on the MassCareers page.
Procurements
Request for Responses (RFR): Outreach Support
Quote/bid response deadline: Rolling
The Commission seeks to contract with a Vendor or Vendors that would provide support services including, but not limited to: event planning and implementation; multimedia and other content development; support to and organization of virtual and in-person conferences, job fairs, clinics, organizing, and hosting focus groups; specialized outreach to non-English-speaking communities and various affinity groups; financial administration of local advertisement payments; and other outreach activities.
For more information or to submit questions about this procurement, please review the RFR on COMMBUYS.
Request for Responses (RFR): External Research Review
Quote/bid response deadline: Rolling
The Commission is soliciting responses from vendors to build, maintain, and administer an on-call group of experts, scholars, researchers, academics, and practitioners in disciplines relating to the Commission's research agenda, including but not limited to: drug policy, health policy, public health, public safety, clinical research, social justice, and economics.
For more information or to submit questions about this procurement, please review the RFR on COMMBUYS.
Eastern bank ‘excited’ to take over Century Bank’s cannabis business
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.
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“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.
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What to do where to go!
A tool to help you find dispensary's
1. Find Nearby Dispensaries with PotGuide
2. Featured Event - Cannabis For Mental Health
3. Minnesota - Now Live on PotGuide
4. Strain of the Week: Starfruit
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.
WORCESTER, MA—3-10-22 The Cannabis Control Commission (Commission) hosted a virtual orientation seminar on Thursday, March 3 for participants of the third cohort of Massachusetts’ first-in-the-nation Social Equity Program. Cohort 3 is the largest Social Equity Program cohort since the program’s creation, offering benefits, training, and technical assistance to 450 participants.
The Commission first launched the Social Equity Program in 2018 in accordance with a state mandate that requires full participation in the regulated cannabis marketplace by communities that have been disproportionately harmed by prohibition. Participants who are approved after meeting one or more program criteria have the option of completing ongoing training along four, self-selected tracks:
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Entrepreneur: Those seeking licensure and ownership;
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Core: Those interested in cannabis careers at the managerial and executive level;
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Entry: Those seeking entry level positions in marijuana establishments or are entering the workforce with 0-2 years of experience; and
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Ancillary: Those with existing skills directly transferable to supporting cannabis businesses.
Cohort 3 continues to build on the previous two Social Equity Program cohorts, which graduated 143 in Cohort 1, and 280 individuals in Cohort 2, respectively. Of the 450 Participants who compose Cohort 3, 50.7% identify as Black or African American and 14.6% identify as Hispanic, Latino, or Spanish, while 72.3% identify as male and 26.1% identify as female. Additionally, 7.6% of Participants report to be farmers and 4.7% report Veteran status. Most Cohort 3 Participants are interested in pursuing training and technical assistance along the Entrepreneur track (85.2%), followed by Core (8.5%), Entry (2.9%), and Ancillary (2.2%) tracks.
Cannabis Customers Can Now Buy Marijuana From Vending Machines In Colorado
Coloradans who are concerned about the coronavirus pandemic can now purchase marijuana through a contactless weed vending machine at certain dispensaries.
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— 3-10-22 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
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Levying a $1,500 application fee and $5,000 annual licenses fee; and
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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
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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.
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Automatically converting existing Pre-Certified “Delivery-Only” applicants to Limited Delivery Applicants.
Wholesale Delivery Licenses
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Levying a $1,500 application fee and $10,000 annual license fee;
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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.
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Applying the same security provisions required of all Marijuana Establishments operating indoor areas to Wholesale Delivery Licenses;
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Wholesale Delivery Licenses would be required to maintain a warehouse; and
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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.
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Requiring the same product storage provisions regulating all other Marijuana Establishments to Wholesale Delivery Licenses, including adequate lighting, ventilation, temperature, humidity, space and equipment;
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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;
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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;
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White labeling may be performed by the Wholesale Delivery Licensee or the licensed Marijuana Establishment from which the wholesale originated; and
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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.
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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.