As some cannabis businesses struggle to launch, license sales emerge as exit strategy

[[{“value”:”As some cannabis businesses struggle to launch, license sales emerge as exit strategy | Hartford Business Journal

”}]] [[{“value”:”With Connecticut’s adult-use cannabis market nearing its second anniversary in January, merger-and-acquisition activity could ramp up as more companies reach the final licensure stage and determine whether they want to move forward with launching an actual business.

Some licenses have already quietly changed hands, which is permitted under state law, with some restrictions.

The White Oak Bridge, a cannabis transport company based in East Hartford, purchased its transporter license from another company, NMB BPT LLC, which originally won it via the general lottery in 2022.”}]]  Read More