How to sell your marijuana business: Q&A with GRN Funds CEO Justin Costello

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By Bart Schaneman Valuating a cannabis business requires coming up with creative comparisons to established industries, such as tulips and wine. Costello recently spoke with Marijuana Business Daily about how he valuates cannabis businesses, which companies are easier to sell and deal structures to avoid. He currently is brokering a $60 million-$70 million sale in which he’s packaging 12 marijuana companies in Washington state. Bart Schaneman can be reached at [email protected] Daily News | Dispensary/Retail Store Business News | Featured | Sales, Funding & Banking News | Washington State Medical Cannabis Business & Marijuana Legal News Kevin Huhn Kevin Huhn Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Name* Email* Website Please note: Comments are moderated by our editors who do their best to approve comments ASAP. As Marijuana Business Daily is focused on business, we approve comments that are specifically relevant to industry professionals.

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By Bart Schaneman

Valuating a cannabis business requires coming up with creative comparisons to established industries, such as tulips and wine.

That’s the space Justin Costello operates in. The CEO of Seattle-based GRN Funds, he brings years of experience making deals in the investment banking sector and said he has completed 80-plus cannabis deals.

He currently is brokering a $60 million-$70 million sale in which he’s packaging 12 marijuana companies in Washington state.

Costello recently spoke with Marijuana Business Daily about how he valuates cannabis businesses, which companies are easier to sell and deal structures to avoid.

With the price tag of $60 million-$70 million for the 12 Washington stores, can you walk me through how you compared those cannabis businesses to comparable mainstream businesses?

I looked at other industries, and I also looked at other sales that I’ve done and determined...

Read the full article @ Marijuana Business Daily