Guides
Longer reads for a license-file decision.
Phase-by-phase playbooks for selling and buying, exit planning, reading 280E financial statements, operating benchmarks, industry outlook and MSO consolidation. Each guide is dated September 2026.
Federal and state law current as of September 2026 — verify with counsel.
Cannabis benchmarks: cost per pound, basket size, margins
Sourced 2025-2026 cannabis benchmarks: cost per pound by grow type, wholesale prices, yield per square foot, basket size, discount rates, and gross margins.
Cannabis business models explained
How cannabis business models make money, from retail and cultivation to brands, distribution, vertical integration, and ancillary, and what buyers pay for.
Cannabis exit planning
Plan a cannabis business exit two to three years out: exit routes, transfer locks, entity and tax choices, death-of-owner rules, and a timeline.
Cannabis financial statements under 280E explained
How to read and recast a cannabis company's income statement, balance sheet, and tax return under 280E, with a worked recast table and a buyer's checklist.
Cannabis industry outlook
A sourced cannabis market report for owners and buyers: 2025 and 2026 U.S. sales, price compression, state winners and losers, M&A, capital, federal policy.
Complete guide to buying a cannabis business
A phase-by-phase playbook for buying a licensed cannabis business: ten phases from buy box to day 90, with a checklist, time budget, and exit test for each.
Complete guide to selling a cannabis business
A phase-by-phase playbook for selling a licensed cannabis business: nine phases from 18 months before market to the last holdback release, with checklists.
Limited-license vs open-market states
Which cannabis states cap licenses and which do not, with statute citations, 2026 license counts and prices, and what each model means for buyers and sellers.
MSOs and consolidation
How cannabis MSOs consolidate in 2026: the $6 billion debt wall, AYR and Cannabist break-ups, stock-funded roll-ups, and what it means for owners.
Multi-state platform building
How buyers build multi-license and multi-state cannabis groups: depth before breadth, ownership caps, holdco structure, 15% debt, and approvals.