Holding Companies

Often we find multiple corporations being involved during the growth of a medical marijuana business. One LLC may own the property/building and then another ‘C’ Corporation owns the vehicles used to transport the canna. Perhaps another ‘S’ Corporation or Partnership owns the license and rights to specific strains. A different company altogether could be renting space to run the dispensary. This type of structuring is normal and customary but it is important you get your bases covered effectively. Talk to your broker and determine the best option for your corporate structure.