Categories: aggregated

Auctioning Off Cannabis Licenses? – How Does It Work, When is the Auction, and How Much are Licenses?

Historically licenses have sold for as low as $2,500 dollars and up to $70 million! Prices will vary by location and license type and valuations have a large degree of variance. Regardless, sellers have autonomy here. They set their own minimum bids, but all transactions are subject to seller approval so they may approve bids as low as they feel necessary to close the sale. A refundable 10% deposit is held in escrow on the day the bid is accepted. All of the Terms are listed on the registration page.

Jason

Share
Published by
Jason

Recent Posts

Best strains in Michigan: weed trends February 2025 – Melonade and Cherry Runtz on the rise

Michigan’s cannabis market is buzzing with excitement as we enter February 2025. Whether you’re searching…

26 minutes ago

California Cannabis Highlights: Must-Try Picks for February 2025

California’s cannabis scene is thriving this February 2025, and we’re here to spotlight the best…

26 minutes ago

What if the World’s Biggest Tobacco Company Entered the Cannabis Industry? – Oh Wait, It Just Did…

More recently, in January 2025, a press release was published detailing Vectura Fertin Pharma’s (VFP),…

27 minutes ago

Who are the Next 5 States to Legalize Recreational or Medical Cannabis Starting in 2025?

Advocacy groups are closely monitoring legislative developments and public sentiment, identifying specific states that are…

1 day ago

Emotional Regulation Get Easier with Cannabis? – What Does Weed Have to do with Regulating Your Emotions?

The researchers then analyzed the mood and emotional regulation capabilities of the participants during times…

2 days ago