For both sides

Seller-note and sale-leaseback calculator

Federal and state law current as of September 2026 — verify with counsel.

Key takeaways

  • As of September 2026, medical marijuana is Schedule III; adult-use remains Schedule I (Federal Register 2026-08176 and pending hearing).
  • 280E still hits adult-use SG&A; medical books may take ordinary deductions — apportion dual licenses.
  • SBA loans are unavailable for plant-touching targets (SOP 50 10 8).
  • Deals close on regulatory approval; control does not move early.
  • Single-store commentary multiples of about 3x–6x EBITDA are trade ranges, not appraisals (2025–2026 commentary).

Seller-note and sale-leaseback calculator is an illustrative model. Defaults are commentary ranges. It is not an appraisal, a tax opinion, or a promise. This page is written for owners and buyers and for more than one license class. It is not legal or tax advice.

If Seller-note and sale-leaseback calculator mixes medical and adult-use, apportion. The April 2026 order is not a blended gift. Dual shops that dump all SG&A into the medical column will lose that fight with a 280E-literate CPA. Cite Federal Register 2026-08176 and IRC §280E in the same memo.

TopicWorking rule (verify, September 2026)
Audienceowners and buyers
License lensmore than one license class
Contrast marketsColorado / Connecticut / New Jersey
SBAUnavailable for plant-touching (SOP 50 10 8)
Hemp clockP.L. 119-37 redefinition 12 November 2026
Commentary multiple (not an appraisal)3x–33x normalized earnings

Successor liability sitting under Seller-note and sale-leaseback calculator — why does this change Seller-note and sale-leaseback calculator?

Cannabis tax debt does not vanish because someone chose an asset sale. Clearance certificates and holdbacks exist for Seller-note and sale-leaseback calculator. See tax holdbacks.

Banking after Seller-note and sale-leaseback calculator — what belongs on Seller-note and sale-leaseback calculator?

FinCEN FIN-2014-G001 is still the SAR frame. A new owner who assumes the seller’s bank will keep the account is guessing. Model cash handling until the successor account is real.

When to walk away from Seller-note and sale-leaseback calculator — what breaks Seller-note and sale-leaseback calculator?

If the license is locked, the city will not host the buyer, the books cannot be rebuilt, or the hemp catalog dies in November 2026, the honest answer is stop. Seller-note and sale-leaseback calculator is not improved by optimism.

Partner and dispute uses of Seller-note and sale-leaseback calculator — why does this change Seller-note and sale-leaseback calculator?

Buyouts and shareholder fights still need a method, not a slogan. Label ranges. Do not pretend a liquor-store rule prices Seller-note and sale-leaseback calculator.

Inventory and biomass on Seller-note and sale-leaseback calculator — how should you read this on Seller-note and sale-leaseback calculator?

What is on the floor at close has to match the state system. Failed tests and unsold canopy are price, not atmosphere. Count it.

Real estate attached to Seller-note and sale-leaseback calculator — what should you verify for Seller-note and sale-leaseback calculator?

The building can be the deal or the trap. No cannabis-use clause means Seller-note and sale-leaseback calculator cannot operate after assignment. Sale-leasebacks are capital, not magic.

Social-equity paper inside Seller-note and sale-leaseback calculator — how should you read this on Seller-note and sale-leaseback calculator?

Eligible-transferee rules and holding periods are deal terms. Seller-note and sale-leaseback calculator that ignores them is a letter, not a close. See social-equity locks.

Distressed paths near Seller-note and sale-leaseback calculator — what should you verify for Seller-note and sale-leaseback calculator?

Receiverships and ABCs exist because chapter 7 and 11 are generally closed to domestic plant-touching debtors. If Seller-note and sale-leaseback calculator is already in a fiduciary process, price the claims, not last year’s CIM.

The first cut on Seller-note and sale-leaseback calculator — why does this change Seller-note and sale-leaseback calculator?

Seller-note and sale-leaseback calculator is decided before a teaser goes out. both sides who start with a hoped-for multiple skip whether the paper can move. Colorado and Connecticut do not share a packet. more than one license class is the lens.

Records that prove Seller-note and sale-leaseback calculator — what belongs on Seller-note and sale-leaseback calculator?

Rebuild Seller-note and sale-leaseback calculator from track-and-trace, tax filings, the lease cannabis-use clause, and a cap table that matches the application. A vanity P&L is a brochure. Buyers spend after-tax cash.

Colorado habits that fail on Seller-note and sale-leaseback calculator — what breaks Seller-note and sale-leaseback calculator?

Copying a Colorado habit into Connecticut is how Seller-note and sale-leaseback calculator dies in review. New Jersey is the third check. Published locks (Maryland converted control through 1 July 2028; New Jersey majority changes; California non-assignment) only apply if the premises sit there.

Cash after tax on Seller-note and sale-leaseback calculator — what should you verify for Seller-note and sale-leaseback calculator?

Illustrative only: $312,000 of pre-280E earnings can shrink hard on an adult-use book. Medical Schedule III relief after 28 April 2026 is a slice, not a slogan. Dual shops apportion. IRC §280E is the citation.

Capital that will not appear on Seller-note and sale-leaseback calculator — how should you read this on Seller-note and sale-leaseback calculator?

SBA SOP 50 10 8 still bars plant-touching 7(a) and 504. SAFE Banking Act of 2026, S.4942 is not a close condition. Seller-note and sale-leaseback calculator is funded with seller paper, private credit, cash, or a sale-leaseback — or it is not funded.

Local authorization inside Seller-note and sale-leaseback calculator — what should you verify for Seller-note and sale-leaseback calculator?

A state yes with a city no is a failed Seller-note and sale-leaseback calculator. Opt-out, buffers, and CUPs are the site. Read local control before anyone argues price.

Cited sources that govern Seller-note and sale-leaseback calculator: SAFE Banking Act of 2026, S.4942 and H.R.9471 were introduced in 2026 and are not law. Hemp SKUs must be read against CRS IN12620 on the 2026 hemp definition and CRS IF13136; the redefinition date is 12 November 2026. Federal Register 2026-08176 is the April 2026 medical / FDA-approved marijuana Schedule III order. IRC §280E still disallows ordinary deductions on Schedule I trafficking, which is why adult-use books stay in 280E.

What to bring to the intro call — how should you read this on Seller-note and sale-leaseback calculator?

Book twenty minutes with Jason Taken at HedgeStone Business Advisors. For Seller-note and sale-leaseback calculator, bring the license class, the state, the local authorization status, and whether a buyer or target is already in the room. There is no form on this site and no invented listing book. He is a business broker, not an attorney and not a licensed cannabis operator.

Read rescheduling calculator next if that file is open on Seller-note and sale-leaseback calculator. note / leaseback calculator is the companion page when Seller-note and sale-leaseback calculator needs that angle. Keep cost-per-pound calculator in the working set for Seller-note and sale-leaseback calculator. Read 280E calculator next if that file is open on Seller-note and sale-leaseback calculator. valuation calculator is the companion page when Seller-note and sale-leaseback calculator needs that angle. Keep 280E in the working set for Seller-note and sale-leaseback calculator. Read valuation pillar next if that file is open on Seller-note and sale-leaseback calculator.

Summary on Seller-note and sale-leaseback calculator — what breaks Seller-note and sale-leaseback calculator?

Seller-note and sale-leaseback calculator turns on approval, after-tax cash, and the license class. Federal law current as of September 2026 is a schedule split, not a green light. Verify every rate, cap, and clock with counsel.

Which public sources belong on this file?

Pull DEA drug scheduling, DEA diversion schedules, FDA cannabis / CBD page, IRS marijuana industry page before you price the file. A forum post is not a substitute.

Illustrative result will appear here.

Illustrative only. Defaults are commentary ranges, not a valuation or tax opinion. Federal and state law current as of September 2026.

Frequently asked questions

Does 280E still apply after April 2026?

Adult-use activity stayed Schedule I as of September 2026, so ordinary deductions still fail. Qualifying medical activity moved to Schedule III on 28 April 2026. Dual shops apportion. Read this calculator against that split, including a California fact pattern. Confirm with a CPA.

What should you bring to the intro call?

License class, state, local authorization status, and whether a buyer or target is already in the room. That is enough to qualify this calculator.

What multiple should you not use?

A 2021 MSO slide, a liquor-store rule, or a national slogan. Commentary 3x–6x is a conversation, not an appraisal of this calculator.

What does HedgeStone actually do here?

Eligibility pre-screen, confidential match, METRC-aware pricing, and an approval-contingent process. Not a guaranteed price or a guaranteed yes. That is the job on this calculator.

Can I use this number in an LOI?

Not as a binding value. Use this calculator to frame a range, then rebuild from the live license, local host, and after-tax cash.

Does tax debt vanish in an asset sale?

No. Cannabis tax claims can follow the buyer or the assets. Clearance certificates and holdbacks exist for this calculator.

Sources

  1. Federal Register 2026-08176 (28 April 2026) — medical / FDA-approved marijuana to Schedule III — https://www.federalregister.gov/d/2026-08176
  2. FinCEN FIN-2014-G001 — BSA expectations for marijuana-related businesses — https://www.fincen.gov/resources/statutes-regulations/guidance/bsa-expectations-regarding-marijuana-related-businesses
  3. SBA SOP 50 10 8 (effective 1 June 2025) — marijuana ineligibility — https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs
  4. Congress.gov S.4942 — SAFE Banking Act of 2026 (introduced, not enacted) — https://www.congress.gov/bill/119th-congress/senate-bill/4942
  5. Congress.gov H.R.9471 — companion SAFE Banking bill — https://www.congress.gov/bill/119th-congress/house-bill/9471
  6. DEA drug scheduling — https://www.dea.gov/drug-information/drug-scheduling
  7. DEA diversion schedules — https://www.deadiversion.usdoj.gov/schedules/
  8. FDA cannabis and CBD page — https://www.fda.gov/news-events/public-health-focus/fda-regulation-cannabis-and-cannabis-derived-products-including-cannabidiol-cbd
  9. CRS IF13136 / IN12620 — hemp definition change effective 12 November 2026 (P.L. 119-37) — https://www.congress.gov/crs-product/IN12620
  10. IRC §280E — https://www.law.cornell.edu/uscode/text/26/280E
  11. Viridian Capital public commentary — Tier 1 U.S. MSO EV/EBITDA ~4.16x (2025 consensus)