A cannabis business license in one jurisdiction can be a golden ticket to substantial profits; in another market, the same license might be worth little more than the paper it’s printed on.
In established markets such as California, Colorado and Oregon, where adult-use sales have been legal for a decade, marijuana business licenses are less valuable than they are in emerging markets such as Florida or Illinois, said Colin Ferrian, portfolio manager at San Francisco-based cannabis investment firm Poseidon Investment Management.
ADVERTISEMENT
Meanwhile, sellers in emerging markets often perceive their licenses as being more valuable than what the market dictates.
For example, the asking price for a cannabis retail license in Illinois, which launched recreational sales in 2020, is $2 million, but the market
Read full article on Marijuana Business Daily
