When looking to buy or sell cannabis real estate and/or businesses, keep in mind that every business operation is different from where it is located, how it is managed, to its profit and loss. In our experience, businesses that are properly managed and have a solid cash flow, business and marketing plan, and financial management are sold at a higher value versus businesses that are distressed and facing numerous challenges.
Like sellers, there are many types of buyers that come into the market seeking out specific qualities and traits in both properties and businesses. Whether they are looking to build out or purchase turn key, there are several things that need to be in place. Due to various regulatory/compliance requirements, along with potential zoning and construction issues, it is important to make sure you are working with an experienced and qualified agent and team that understands what it will take to ensure proper diligence and compliance are met when securing or selling properties and business in the cannabis industry.
We are well established within the cannabis industry through our affiliation with The Cannabis Legal Group founded by Attorney Barton Morris. He is one of the first attorneys in Michigan to specialize in cannabis law since 2008 and continues to work closely with the Cannabis Regulatory Agency (CRA) and other industry-related and legal organizations throughout the state.
Our commercial advisors also have years of experience in real estate and within the cannabis industry and are ready to assist you with your business needs.
If you are looking to purchase or sell a cannabis property and/or business – contact us today.
