PICKNEY, MI. – Michigan’s battered cannabis market is creating opportunities for stronger operators to acquire distressed dispensaries, cultivation facilities, processing operations and cannabis real estate at prices that would have been difficult to imagine several years ago. Meanwhile, Ohio’s rapidly developing adult-use market is creating a different challenge: operators need capital to acquire businesses, expand locations and build the infrastructure needed to compete in a growing market.
The common denominator is money.
Cannabis remains difficult to finance through conventional banking channels because marijuana remains federally restricted. That can leave otherwise profitable operators struggling to obtain the capital needed to complete acquisitions or expand their businesses…