Want to Buy a Cannabis Store? For $50 Million You Can Own Six
Looking to get into Washington state’s retail cannabis market? For $50 million, you can start out at the very top.
That’s the pitch from owners of Main Street Marijuana and Uncle Ike’s, the two top-selling cannabis retailers in the state. The pair announced this week that both companies, six storefronts in total, are officially on the market.
The owners aren’t exactly desperate to get out, Uncle Ike’s owner Ian Eisenberg told Leafly. But for $50 million, they wouldn’t say no.
“Everything’s for sale at the right price,” Eisenberg said. “We always have interest, and if anybody’s serious, at least they can avoid a lot of wasted time.”
The two businesses, launched shortly after Washington legalized cannabis, have grown to become the two top-grossing companies in the state. Since they opened, each has outsold the third-place company by more than $10 million, according to 502 Data, which tracks state sales...
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