Auctioning Off Hashish Licenses? – How Does It Work, When is the Public sale, and How A lot are Licenses?

Traditionally licenses have offered for as little as $2,500 {dollars} and as much as $70 million! Costs will range by location and license kind and valuations have a big diploma of variance. Regardless, sellers have autonomy right here. They set their very own minimal bids, however all transactions are topic to vendor approval so they might approve bids as little as they really feel crucial to shut the sale. A refundable 10% deposit is held in escrow on the day the bid is accepted. The entire Phrases are listed on the registration web page.

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