Cannabis Business Licensing
In order to commence legal operations for a cannabis business, it is necessary to have both a local permit and a State license. There is a highly competitive market for local permits because cities and counties only issue a very limited amount.
There are two paths of obtaining the necessary licenses. One path is to identify a city or county that is offering a local permit for your planned cannabis business. Then when you have obtained property in the correctly zoned commercial space, our team can go forward to begin the application process.
The alternative approach in acquiring a cannabis business license is to buy a controlling interest in a business entity that holds such a permit or license. This means to buy the shares of an existing corporation or membership shares of a limited liability company (LLC) that holds the cannabis business license that you wish to purchase. We regularly work with Buyers, Sellers and Brokers in handling all aspects of transactions to acquire or sell licensed cannabis businesses.