In a move uncharacteristic of the cannabis market in Florida, an Atlanta broker is searching for the next owners of two highly sought Florida medical cannabis licenses.
Aubrey Logan-Holland, the CEO of a relatively new firm called Blue Dream Industries, is listing the licenses, or “paper” in industry speak, for about $95 million in total.
One license is going for $40 million and allows the owner to operate no more than 30 retail stores. The other license is selling for about $55 million, with the rights to open up to 35 retail stores. In addition to the actual license, this deal includes a greenhouse for cultivation.
The process of acquiring a medical cannabis license in Florida is arduous, and running the company is also challenging. Florida’s medical cannabis industry is vertically integrated, meaning the license holder is responsible for growing, processing, testing, marketing and selling the product without middlemen or contractors.
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