Frequently Asked Questions

Yes. Paper licenses — licenses that have been approved but never activated or built out — are something we regularly acquire. Whether you ran out of capital, couldn't secure a location, or simply changed your mind, we're interested in discussing your paper license.

Valuation depends on the specific license type, location, and local market conditions, but paper licenses absolutely have value and we can make cash offers on them.

Yes. If your dispensary is currently closed, paused, or has never opened but the license is still valid (or could potentially be reactivated), we want to hear about it.

Non-operational licenses are often more valuable than people realize, especially in desirable jurisdictions where new licenses are limited. Don't assume your dormant license is worthless.

We focus on California cannabis licenses statewide. This includes major markets like Los Angeles, San Francisco, San Diego, and Sacramento, as well as smaller jurisdictions throughout the state.

Local market conditions vary significantly, and some jurisdictions are more attractive than others, but we consider licenses across California.

CDTFA debt is common and doesn't necessarily prevent a sale. We can structure acquisitions that account for outstanding tax liability in various ways — factoring it into the purchase price, addressing it at closing, or other arrangements depending on the specifics.

Be upfront about your CDTFA situation when you contact us. The more we know, the better we can structure a deal that works.

Learn more about how we handle CDTFA debt →

Landlord pressure — whether it's eviction proceedings, demands for rent arrears, or simply a desire to end the tenancy — is something we deal with regularly. We can move fast when there's a deadline, and we know how to negotiate with landlords to facilitate clean exits.

If you're facing a cash-for-keys situation, we can often coordinate the acquisition with the landlord's requirements so everyone gets what they need.

Learn more about landlord situations →

Outstanding vendor invoices are part of the reality of cannabis retail. We assess your vendor obligations when evaluating an acquisition and factor them into the deal structure. Depending on the situation, we may negotiate directly with vendors, account for the debt in our purchase price, or structure the transaction so certain obligations transfer.

Tell us what you owe and to whom. We can usually find a path forward.

Learn more about vendor debt situations →

Liens and pending litigation complicate deals but don't always kill them. We need to understand the nature and extent of any legal issues during due diligence. Some liens can be addressed at closing; some lawsuits can be settled or assumed; others may make a transaction impractical.

Be transparent about any legal issues upfront. We'd rather know early and work through them than discover surprises later.

Valuation depends on multiple factors including: license type (retail, microbusiness), location and local market dynamics, operational status and revenue (if applicable), regulatory environment and license scarcity in that jurisdiction, any outstanding liabilities or encumbrances, and comparable recent transactions.

We'll walk you through our reasoning when we make an offer. There's no hidden formula — just an assessment of what the license is worth in the current market, adjusted for any issues we'd be taking on.

Not for an initial offer. We can provide a preliminary cash offer based on your license type, location, and situation without detailed financial records. For paper licenses or non-operational locations, financials may not even exist.

If your dispensary is operational, we'll want to review some financial information during due diligence, but we can work with whatever records you have. Perfect books aren't a requirement.

For straightforward situations, we can close in as little as 7 days from accepted offer. That's where legally and practically possible — meaning no regulatory delays, willing parties on all sides, and clean title to the license.

More complex situations take longer. If there are liens to clear, regulatory approvals needed, landlord negotiations, or other complications, closing might take 30-60 days or more. We'll give you a realistic timeline upfront based on your specific situation.

Yes. We treat all inquiries and deal discussions as confidential. We don't share your information with competitors, broadcast that you're looking to sell, or discuss your situation with third parties without your explicit permission.

Certain disclosures may become necessary during the transaction process (regulatory filings, landlord notifications, etc.), but we keep things as discreet as possible throughout.