San Diego, CA--Interest in cannabis businesses has risen among Multi-State Operators in California and the US in 2023, leading to acquisitions and escrowed deals for industry leader Green Life Business. In contrast, many cannabis businesses and other industries had to shut down in 2022 due to fluctuating evaluations and lack of funding, resulting in court-ordered receiverships for distressed companies.
Green Life Business Group, a well-known cannabis business brokerage, specializes in cannabis business receiverships. A prime example is a cannabis retail storefront project in West Hollywood, which has already invested $1.5M in a 90% built-out prime location.
Acquiring a business through receivership has the benefit of a judge's approval and no prior liens or debts, unlike traditional acquisitions from private or public companies where prior debts and liabilities may be inherited. This trend of receivership acquisitions is becoming increasingly popular among Multi-State Operators and large companies as they offer a clean slate opportunity. 2023 is shaping up to be a positive and profitable year, as large business acquisitions have already begun and businesses are going into escrow.
Learn more in this news release.