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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.