Mergers & Acquisitions: Buying and Selling Licensed Cannabis Businesses in California

Buying and Selling Licensed Cannabis Businesses in California

Navigating the purchase or sale of a cannabis business in California requires a thorough understanding of both legal and regulatory frameworks. California law specifies that cannabis business licenses themselves are non-transferable; however, purchasing a controlling interest in a licensed business entity—such as a corporation or LLC—is a viable and efficient way to enter the market or expand current holdings. At Wicker Law Group, we represent buyers and sellers across all stages of this complex transaction process, making this a key service within our firm.

Comprehensive Transaction Services for Buyers and Sellers

Our team is highly experienced in the multifaceted aspects of buying and selling cannabis businesses, from initial negotiations to closing. Newly listed business opportunities can move quickly, and acting decisively is essential. We offer full transaction support, helping our clients manage every element of the process:

  • Initial Deal Stages – Form letters of intent (LOIs) and term sheets to set the groundwork for a transaction
  • Due Diligence Investigations – Conducting in-depth due diligence, licensing compliance, and business records to protect clients’ interests
  • Lease and Property Transactions – Assisting with commercial leases, property purchases, or assignments related to the transaction, while providing compliance with zoning and regulatory requirements.
  • Negotiations and Financial Arrangements – Structuring and negotiating terms that may include promissory notes, security interests, and other financial instruments critical to the transaction
  • Regulatory Compliance and Final Agreements – Drafting and finalizing purchase agreements that meet state and local cannabis regulations

With substantial experience in managing deals ranging from smaller local businesses to multi-million-dollar acquisitions for multi-state operators, our firm has the expertise and industry connections necessary to navigate the complexities of cannabis business transactions in California. Located in San Diego, we work statewide, regularly partnering with investment groups from across the U.S., Canada, Europe, and beyond. Have a look at the Business Opportunities section of this blog to see current listings of licensed cannabis businesses for sale.

Our collaborative approach, knowledge of the cannabis market, and commitment to providing diligent representation make Wicker Law Group a trusted partner in buying and selling cannabis businesses.

Ready to Work With Us?

Call (760) 735-6100 or Contact Us