Cannabis Business Consulting

Strategic guidance
for the regulated frontier.

Sick & Co. helps cannabis entrepreneurs, operators, and investors navigate the complexity of licensing, compliance, and business strategy — nationwide.

Explore
Active Markets New York New Jersey Connecticut Michigan California Colorado Ohio Delaware Minnesota Oregon Washington Virginia — Applications open July 2026

What we do.

The cannabis industry is one of the most heavily regulated — and rapidly evolving — business environments in the country. Sick & Co. sits at the intersection of deep regulatory knowledge and real business strategy. We guide clients through licensing, market entry, operational compliance, and transactions with a track record across multiple states and license types.

Core Practice Areas

Built for operators, investors & new entrants.

01

License Application Consulting

End-to-end consulting for new license applications across retail, cultivation, processing, microbusiness, and delivery categories.

02

Regulatory Compliance

Ongoing support for licensed operators — record-keeping, tracking, advertising rules, packaging, and operational audits. Stay compliant, stay open.

03

Real Estate & Municipal

Site selection, zoning analysis, community board proceedings, lease consulting, and municipal approval strategy.

04

M&A & Transactions

Buy-side and sell-side consulting for cannabis acquisitions, license transfers, and ownership structure review.

05

Market Entry Strategy

Research-backed strategies for entrepreneurs and investors evaluating new states and license categories.

06

Social Equity Guidance

Support for applicants pursuing social equity, impact, or priority licensing designations across all markets.

Virginia 2026

A new market
is opening.

Virginia's adult-use cannabis licensing window opens July 1, 2026. Only 350 retail licenses statewide. Preparation starts now.

350
Statewide retail license cap
100
DTC microbusiness licenses
$400M+
Projected annual market revenue
Applications open July 1, 2026 · Microbusiness licenses Dec 1, 2026 · Retail sales Jan 1, 2027
New Market Alert — Virginia 2026

Virginia Cannabis
is finally open.

After years of stalled legislation and vetoed bills, Virginia is on track to launch its adult-use cannabis market in 2026. Applications open July 1. Only 350 retail licenses statewide. The window is narrow — and preparation starts now.

Applications: July 1, 2026 Retail cap: 350 100 DTC microbusiness licenses Retail opens Jan 1, 2027 $400M+ projected revenue/yr
Regulatory Timeline

What's happening, and when.

Now — June 2026
Preparation Window
Entity formation, site selection, ownership structuring, capital planning, and business plan development. The strongest applicants arrive ready.
July 1, 2026
CCA Applications Open
Virginia Cannabis Control Authority begins accepting applications for retail, cultivation, processing, microbusiness, delivery, nursery, and testing facility licenses.
September 2026
Microbusiness Licenses Issued
Up to 100 temporary DTC microbusiness licenses issued to qualifying hemp growers, impact applicants, and USDA-certified farmers.
January 1, 2027
Retail Sales Begin
Virginia's adult-use cannabis market officially launches. Licensees who have met all operating requirements may open. Medical cannabis pharmaceutical processors who convert to dual-use will also be among the first to sell.
Why Act Now

The winners aren't writing applications last minute.

With only 350 retail licenses in a state of 8.7 million people, competition will be intense. Come in with clean ownership structures, credible capital, and a business plan built for day-one compliance.

Virginia legalized possession in 2021 but never created a retail market. That gap fueled a large unregulated gray market estimated at $5 billion.

Virginia is projected to bring in over $400 million annually in cannabis revenue within five years of launch.

License Types

Available license categories.

🏪

Retail

Adult-use dispensaries. Capped at 350 statewide. Requires site control and labor peace agreement.

🌿

Cultivation (Tiered)

Tier I–V. Tier V capped at 35,000 sq ft; max 5 Tier V licenses statewide.

⚗️

Manufacturing

Extraction, infusion, and cannabis product manufacturing.

🏡

Microbusiness

Vertically integrated — cultivation, processing, onsite retail, and delivery.

🚗

Delivery Operator

Cannabis delivery without a brick-and-mortar storefront.

🌱

Nursery

Cannabis plant and seed production for sale to cultivators.

🧪

Testing Facility

Independent lab testing for potency, contaminants, and compliance.

Temp DTC Microbusiness

100 early-access licenses for hemp operators and impact applicants. Licenses issued Dec 1, 2026.

Social Equity Priority

Impact license eligibility.

Virginia reserves priority licensing for "Impact Applicants" who meet at least 4 of 7 criteria. Half of all licenses are targeted for impact applicants.

1Prior marijuana conviction (personal or family member)
2Residency in a "disproportionately policed" census tract 2015–2025
3Residency in an economically distressed community
4Graduation from a Virginia HBCU or Pell-eligible school (30%+)
5Qualification as a USDA-distressed farmer
6Service in the U.S. Armed Forces (proposed)
7Additional geographic and economic hardship criteria

Don't wait for final rules.

The long-lead items — entity structure, site strategy, capital planning, business plan drafting — don't fit into the last two weeks before the portal opens.

Emerging Market — Watch Pennsylvania

Pennsylvania Cannabis
is on the horizon.

Adult-use cannabis remains illegal in Pennsylvania — but the pressure to legalize is mounting. Five of six neighboring states have already launched regulated markets, and Pennsylvania operators are losing billions in revenue across the border. When Pennsylvania opens, it will be one of the largest cannabis markets in the country.

Adult-use not yet legal Medical program: 439,000+ patients $200M+ projected annual tax revenue Population: 13M+
Where Things Stand

Close — but not there yet.

In May 2025, the Pennsylvania House passed HB 1200 by a 102–101 vote — the first time either chamber had ever passed recreational cannabis legislation. The Senate killed it days later. Governor Shapiro has included cannabis legalization in every budget proposal since taking office.

His 2026 budget projects over $729 million in first-year revenue, with $660 million from licensing fees alone. Five neighboring states — NY, NJ, DE, MD, and OH — already have adult-use markets, and border-state retailers report up to 60% of customers are from Pennsylvania.

A bipartisan private retail model is seen as the most viable path forward. When a bill passes, Pennsylvania will need 12–18 months to build its regulatory infrastructure before licenses issue and sales begin.

The Numbers
13M+
State population
$200M+
Projected annual tax revenue
60%
Of border-state customers reportedly from PA
5 of 6
Neighboring states already legal

A bipartisan bill is the most viable path. If the Senate and House compromise in 2026 or early 2027, licenses could begin issuing 12–18 months after enactment — putting first sales in late 2027 or 2028.

Get on our Pennsylvania list.

When Pennsylvania moves, it'll move fast. We're tracking legislation in real time and will be ready to engage clients the moment a bill becomes law.

Active Market — New York

New York Cannabis
is our home market.

New York's adult-use cannabis market launched in 2022 and has grown into one of the most complex regulatory environments in the country. OCM's CAURD and AUCC licensing frameworks, community board approval requirements, and aggressive compliance standards mean operators need advisors who know the rules — and how they're applied.

Our New York Practice

Deep OCM experience across
every license type.

01

OCM License Applications

CAURD, AUCC, cultivation, processor, distributor, and microbusiness applications. We know the OCM framework, scoring criteria, and deficiency process inside and out.

02

Community Board Strategy

NYC community board approval is a threshold requirement for many OCM licenses. We've managed CB proceedings across Manhattan and Brooklyn boards — including CB10 and CB2.

03

Deficiency Responses

Received an OCM Statement of Findings or deficiency notice? We draft responses and corrective action plans that address regulator concerns and preserve your path to licensure.

04

Compliance & Metrc

OCM compliance programs, Metrc credentialing, advertising compliance under Part 129, and ongoing regulatory monitoring for operating licensees.

Active Market — New Jersey

New Jersey Cannabis
runs on CRC.

New Jersey's Cannabis Regulatory Commission oversees one of the most active adult-use markets on the East Coast. We've worked across the CRC's conditional and annual license frameworks, MIPA review processes, conversion applications, and municipal approval requirements across the state.

Our New Jersey Practice

CRC compliance and licensing
from application to opening.

01

CRC License Applications

Conditional and annual license applications for retail, cultivation, manufacturing, distribution, and delivery. We know the CRC's application requirements and scoring framework.

02

Municipal Approval

New Jersey requires municipal approval before a CRC license issues. We manage the local approval process — including redevelopment plan amendments and planning board presentations.

03

MIPA & Investor Review

Management and Investor Protection Act compliance, passive investor threshold analysis, and CRC ownership structure review for proposed transactions and investments.

04

Pre-Opening Compliance

CRC field monitor coordination, CO process management, and operational readiness review to get from conditional license to open doors.

Active Market — Connecticut

Connecticut Cannabis
by the DCP.

Connecticut's adult-use market is regulated by the Department of Consumer Protection. Social equity applicants received priority licensing in early rounds, and the market continues to expand with new opportunities across multiple categories.

Our Connecticut Practice

DCP licensing and compliance
across all categories.

01

DCP License Applications

Retail, cultivator, product manufacturer, delivery service, and transporter license applications under Connecticut's adult-use framework.

02

Social Equity Certification

Connecticut's social equity program provides priority licensing for qualifying applicants. We help clients assess eligibility and leverage priority status in the application process.

03

Municipal & Zoning Compliance

Connecticut municipalities have significant authority over cannabis business locations. We advise on local approval requirements and community engagement strategy.

04

Ongoing Compliance

DCP compliance programs, seed-to-sale tracking requirements, packaging and labeling compliance, and operational support for licensed Connecticut operators.

Active Market — Michigan

Michigan Cannabis
our home state.

Michigan was among the first Midwest states to legalize adult-use cannabis and has grown into one of the most competitive markets in the country. The Cannabis Regulatory Agency oversees licensing across dozens of license categories, with active opportunities in underserved markets.

Our Michigan Practice

CRA licensing and compliance
from Manistee to Detroit.

01

CRA License Applications

Retailer, grower, processor, safety compliance facility, microbusiness, and designated consumption establishment applications across Michigan's regulatory framework.

02

Municipal Strategy

Michigan municipalities must opt-in to allow cannabis businesses. We advise on local approval strategy, ordinance review, and community engagement — particularly in underserved markets.

03

Market Entry Analysis

Michigan is a large, competitive market. We identify underserved municipalities, analyze local license caps, and map the competitive landscape to find viable entry points.

04

Compliance Programs

Metrc compliance, CRA regulatory requirements, and ongoing compliance support for Michigan-licensed operators in one of the Midwest's most mature regulatory frameworks.

Active Market — California

California Cannabis
the world's largest market.

California's adult-use market — the largest in the world — is regulated by the Department of Cannabis Control. With hundreds of local jurisdictions, each with their own licensing and zoning requirements, California demands advisors who understand both state and local regulatory complexity.

Our California Practice

DCC licensing and local
approval strategy.

01

DCC License Applications

Retailer, distributor, manufacturer, cultivator, microbusiness, and testing laboratory applications under California's state cannabis framework.

02

Local Permit Strategy

California requires local authorization before a state license issues. With over 500 jurisdictions, local permit strategy is everything. We advise on jurisdictional selection and permit applications.

03

Equity Program Navigation

California's equity programs vary by city and county. We help applicants identify and leverage local equity designations for priority processing and fee waivers.

04

Compliance & Operations

CCTT/Metrc compliance, track-and-trace requirements, DCC regulatory compliance programs, and operational support for licensed California operators.

Active Market — Colorado

Colorado Cannabis
where it all began.

Colorado was the first state to legalize adult-use cannabis in 2012 and remains one of the most mature and sophisticated regulatory markets in the country. The Marijuana Enforcement Division has developed a comprehensive framework that other states have modeled.

Our Colorado Practice

MED licensing and compliance
in a mature market.

01

MED License Applications

Retail store, cultivator, manufacturer, transporter, and testing facility applications under Colorado's Marijuana Enforcement Division framework.

02

Local Licensing

Colorado municipalities control cannabis business operations within their borders. We advise on local licensing requirements, caps, and approval processes.

03

License Transfers & Acquisitions

Colorado has a well-developed cannabis M&A market. We advise on license transfers, ownership changes, and acquisitions — including MED change-of-ownership approvals.

04

Regulatory Compliance

MED compliance programs, METRC seed-to-sale tracking, and operational compliance support for Colorado-licensed operators.

Active & Evolving — Ohio

Ohio Cannabis
just reshaped by SB 56.

Ohio voters legalized adult-use cannabis in November 2023, and sales began in August 2024. In December 2025, the legislature passed Senate Bill 56 — creating a 400-dispensary cap, eliminating Tier III cultivation licenses, and banning unregulated intoxicating hemp. The market is active and still evolving.

Adult-use sales since Aug 2024 400 dispensary cap (SB 56) 10% excise tax on adult-use SB 56 effective March 20, 2026
Our Ohio Practice

DCC licensing in a market
under active reform.

01

Dispensary License Applications

New adult-use dispensary applications under the Division of Cannabis Control's updated SB 56 framework, including dual-use conversions for existing medical operators.

02

Cultivation & Processing

Tier I and Tier II cultivation license applications and processor license consulting under Ohio's post-SB 56 regulatory framework.

03

SB 56 Compliance

Operational compliance with SB 56's new requirements — intoxicating hemp product transitions, packaging and labeling updates, and DCC compliance programs.

04

Municipal Strategy

Ohio municipalities can prohibit dispensaries within their borders. We advise on jurisdiction selection and local approval strategy to identify viable operating locations.

Newly Launched — Delaware

Delaware Cannabis
launched August 2025.

Delaware officially launched adult-use cannabis sales on August 1, 2025. The Office of the Marijuana Commissioner awarded 30 retail licenses by lottery in late 2024, and additional license rounds are anticipated. Delaware is a fresh, early-stage market with significant growth runway.

Sales launched Aug 1, 2025 30 retail licenses awarded 2024 Lottery-based licensing New license rounds anticipated 2026+
Our Delaware Practice

Early-stage market with
significant opportunity.

01

OMC License Applications

Retail, cultivation, manufacturing, and testing facility applications under Delaware's Office of the Marijuana Commissioner framework — including social equity certification and lottery preparation.

02

Social Equity Strategy

Delaware's licensing process prioritizes social equity applicants. We assess eligibility, compile documentation, and position applicants for priority lottery consideration.

03

Business Plan Development

Delaware's lottery includes merit-based initial screening. A strong business plan, operations plan, and security plan are critical to passing initial qualification.

04

Compliance Programs

OMC regulatory compliance, seed-to-sale tracking, and operational support for newly licensed Delaware operators entering the state's nascent adult-use market.

Active Market — Minnesota

Minnesota Cannabis
now open for business.

Minnesota's adult-use market launched in September 2025. The Office of Cannabis Management accepted the first application round in early 2025, and rolling applications are now opening again from April 2026 — creating fresh entry opportunities for new operators.

Retail sales since Sept 2025 Rolling applications from April 2026 $426M projected first-year sales Local moratoriums expired Jan 2025
Our Minnesota Practice

OCM licensing in a
newly launched market.

01

OCM License Applications

Retailer, cultivator, manufacturer, wholesaler, delivery, and microbusiness applications under Minnesota's Office of Cannabis Management — including lower-potency hemp endorsements.

02

Social Equity Priority

Minnesota's social equity program provides fee reductions and priority consideration. We help clients assess eligibility and leverage social equity status in the application process.

03

Local Zoning & Approval

While municipalities can't ban cannabis, they retain zoning authority. We advise on local compliance — buffer zones, density limits, and business licensing requirements.

04

Market Entry Strategy

Minnesota is early. We identify underserved markets, assess competition, and help operators develop entry strategies in a market still taking shape.

Active — Rhode Island

Rhode Island Cannabis
24 new licenses, in limbo.

Rhode Island's adult-use market launched in December 2022. In September 2025 the Cannabis Control Commission opened applications for 24 new retail licenses across six geographic zones. A federal court injunction issued April 8, 2026 has halted the lottery over a challenge to the state's residency requirement — but the market remains strong and the opportunity is real.

24 new licenses in review Federal injunction halting lottery 6 social equity + 6 co-op licenses Highest per-store revenue in the US
Market Status

Strong market, complex moment.

Rhode Island's existing dispensaries generate nearly $17 million per store annually — the highest rate in the country. Only seven stores serve the entire state, creating enormous pent-up demand for the 24 new licenses currently in review.

The April 2026 federal injunction blocking the state's residency requirement has stalled the lottery. The state has appealed. Depending on the outcome, licenses may issue in mid-to-late 2026 or later.

The residency challenge may ultimately open the market to non-resident majority ownership — potentially creating new entry opportunities for out-of-state investors.

License Structure
12
Open retail licenses
6
Social equity licenses
6
Worker co-op licenses
6
Geographic zones

The $7,500 application fee is waived for social equity applicants. Majority RI resident ownership (51%) currently required — though federal litigation may change this.

Active & Transitioning — Washington D.C.

Washington D.C.
finally going regulated.

D.C.'s medical program has operated through ABCA-licensed dispensaries while a massive gifting gray market filled the adult-use gap. The Cannabis Regulation and Market Reform Act of 2025 is now creating a dual-use framework — and new licensing rounds opened for medical and transitioning adult-use operators.

Medical market active via ABCA Dual-use framework under 2025 Act New licensing round opened July 2025 Social equity priority licensing
Our D.C. Practice

ABCA licensing in a
market in transition.

01

ABCA License Applications

Retailer, internet retailer, cultivation center, manufacturer, courier, and testing laboratory applications — including new dual-use licensing under the 2025 Act.

02

Social Equity Program

D.C.'s social equity program provides priority processing and fee waivers. We help applicants assess eligibility — including residency in high-arrest areas and prior cannabis convictions.

03

I-71 Transition Strategy

Former gray market operators seeking to transition into the licensed market under the 2025 Act face unique compliance and application challenges. We advise on the transition process.

04

Dual-Use Compliance

The 2025 Act creates new requirements for dispensaries serving both medical and adult-use consumers. We build compliance programs that work for both patient and recreational operations.

Practice Area

License Application
Consulting.

A cannabis license application is a high-stakes, one-shot opportunity. In competitive markets with limited license caps, the quality of your application determines whether you get in. The operators who win come in prepared well before the window opens.

01

Pre-Application Strategy

Site selection, entity formation, ownership structure, cap table review, and eligibility assessment — before the window opens. The preparation phase is where applications are won or lost.

02

Business Plan Writing

Comprehensive, regulator-ready business plans covering market analysis, operations, financial projections, staffing, and community impact — written for the licensing board, not the investor deck.

03

Operations & Security Plans

Detailed operations plans, security plans, floor plan review, and Standard Operating Procedures tailored to each state's application requirements and scoring criteria.

04

Social Equity Applications

Dedicated support for applicants pursuing social equity, impact, or priority licensing designations across NY, NJ, VA, DE, MN, RI, and other equity-focused states.

05

Narrative & Diversity Plans

Narrative responses, community benefit statements, diversity and inclusion plans, and social equity documentation. We know what resonates with regulators.

06

Deficiency Response

Received a deficiency notice or denial? We draft responses that address regulator concerns and preserve your path to approval or reinstatement.

Markets We Cover
New York New Jersey Connecticut Michigan Virginia Pennsylvania Delaware Minnesota Rhode Island California Colorado Ohio Washington D.C.
How We Work

Most application engagements are scoped and priced as flat-fee projects. We scope based on license type, market, and complexity — no hourly billing surprises.

Practice Area

Regulatory Compliance
Consulting.

Getting a license is step one. Keeping it is the rest of your career. Cannabis regulators conduct inspections, audit records, and issue violations — and non-compliance can cost you your license. We build compliance programs that work in practice, not just on paper.

01

Compliance Program Development

Comprehensive compliance calendars, Standard Operating Procedures, regulatory checklists, and staff training frameworks — built for your specific license type, state, and operations.

02

Seed-to-Sale Tracking

Metrc and state-mandated tracking system compliance. We help operators credential in tracking systems, establish compliant workflows, and avoid the common errors that trigger regulatory action.

03

Advertising & Marketing Compliance

State cannabis advertising rules are strict and vary by jurisdiction. We advise on compliant practices — including social media, signage, and digital marketing.

04

Inspection Readiness

Pre-inspection walkthroughs, record review, and compliance gap assessments. We identify issues before regulators do — on your timeline, not theirs.

05

Violation Response & CAPs

Received a Statement of Findings, Notice of Violation, or Corrective Action Plan requirement? We draft responses that address regulator concerns directly.

06

Ongoing Compliance Monitoring

We track rule changes, guidance updates, and enforcement trends in your market and flag anything that affects your operations.

The Stakes

Cannabis licenses are regulated assets worth millions of dollars. Violations can result in fines, suspensions, and revocations. A single serious compliance failure can end a business that took years to build.

The cost of a compliance program is a fraction of the cost of a violation.

Track Record

We've managed OCM Corrective Action Plans in New York, CRC compliance programs in New Jersey, and advised on Metrc credentialing failures for operating licensees. We know what regulators look for — and how to fix what they find.

Practice Area

Real Estate, Land Use &
Municipal Approval.

In cannabis, your real estate is your license. Site selection, zoning compliance, and municipal approval are threshold requirements that determine whether your application succeeds or fails before it's ever reviewed on the merits.

01

Site Selection & Zoning Analysis

We evaluate potential sites for cannabis use eligibility — setback compliance, zoning requirements, use-by-right vs. special permit, buffer zones, and proximity to sensitive uses.

02

Municipal Approval Strategy

Many jurisdictions require local sign-off before a state license issues. We develop community engagement strategies and advise on navigating planning boards, zoning boards, and city councils.

03

Community Board Proceedings

In New York City, community board approval is a critical OCM licensing step. We've managed CB hearings across multiple Manhattan and Brooklyn boards — preparing talking points, community letters, and data exhibits.

04

Redevelopment & Land Use Planning

We've worked with municipalities on cannabis-specific zoning amendments and redevelopment plan updates — including drafting cannabis use provisions into gateway area redevelopment plans.

05

Lease Review & Structure Consulting

Cannabis leases have unique considerations — regulatory approval contingencies, landlord disclosure obligations, and assignment provisions. We advise on lease structure before you sign.

06

Ground Lease & Property Acquisition

Consulting support for cannabis ground leases, option agreements, and property acquisition transactions — including structuring contingencies tied to license approval timelines.

Why Real Estate Is Different in Cannabis

Most cannabis license applications require proof of site control before they can be submitted. That means you need a compliant location — often under lease — before you know if you'll get a license.

Municipal hostility — or enthusiasm — can make or break an application in states where local sign-off is required. We've navigated both.

Track Record

We've managed community board proceedings in Manhattan, drafted cannabis zoning amendments in New Jersey municipalities, and negotiated ground leases in Cape May County.

Practice Area

M&A, Acquisitions &
License Transactions.

Buying or selling a cannabis license — or the business built around one — requires understanding the regulatory constraints that govern every aspect of the transaction, from ownership transfer thresholds to change-of-control approvals.

01

Buy-Side Consulting

Regulatory due diligence for cannabis license acquisitions — evaluating license status, compliance history, ownership structure, TPI exposure, and regulatory approval requirements before you close.

02

Sell-Side Consulting

We help sellers prepare for a transaction — identifying regulatory risks, structuring the deal to maximize approval likelihood, and navigating disclosure requirements with state regulators.

03

Regulatory Approval Strategy

Most cannabis jurisdictions require regulatory approval for ownership transfers. We manage the approval process — preparing submissions, tracking timelines, and responding to regulator inquiries.

04

Ownership & Investor Structure

TPI rules, passive investor thresholds, and change-of-control standards vary significantly by state. We analyze proposed ownership structures for regulatory compliance before investors commit capital.

05

Conditional License Acquisitions

Buying a conditional license or queue position in an early-stage market requires understanding the regulatory approval timeline, deal structure options, and risk allocation between parties.

06

Management & Operating Agreements

Where full ownership transfer isn't immediately possible, management and operating agreements can create economic alignment while maintaining regulatory compliance.

Why Cannabis M&A Is Complex

Cannabis licenses are regulated assets. In most states, ownership transfers above a threshold require advance regulatory approval — and some states impose lock-up periods that restrict transfers entirely for a set time after issuance.

True Party of Interest rules mean that economic interests, not just legal ownership, can trigger disclosure and approval requirements. Deals that look clean on paper can run into regulatory problems if the underlying economic arrangements aren't structured correctly.

Track Record

We have transaction experience across NY OCM and NJ CRC frameworks — including Herbalcity, Trash Island BK, and HarvestHub — with familiarity with CT and MI ownership transfer requirements.

Practice Area

License Purchase
& Sales.

Cannabis licenses are among the most valuable and most regulated business assets in the country. Buying or selling one requires understanding the regulatory constraints that govern every aspect of the transaction.

Buy Side
01

Regulatory Due Diligence

License status verification, compliance history review, ownership structure analysis, TPI exposure assessment, and identification of regulatory risks before you close.

02

Conditional License Acquisitions

Buying a conditional license or queue position in an early-stage market requires understanding the regulatory approval timeline, deal structure options, and risk allocation between parties.

03

Regulatory Approval Management

Most cannabis jurisdictions require regulatory approval for ownership transfers. We prepare submissions, track timelines, and respond to regulator inquiries on behalf of buyers.

Sell Side
04

Pre-Sale Compliance Review

Identifying and remediating compliance issues before they surface in buyer due diligence — protecting deal value and reducing the risk of regulatory approval delays.

05

Deal Structure Consulting

Cannabis deal structures must account for TPI rules, lock-up periods, change-of-control thresholds, and financing restrictions. We advise on structures that can get regulatory approval.

06

Management & Operating Agreements

Where full ownership transfer isn't immediately possible, management and operating agreements can create economic alignment while maintaining regulatory compliance.

Note: Sick & Co. provides consulting support on cannabis license transactions. Legal services are provided by Sick Legal in jurisdictions where Andy Sick is licensed to practice law.

About Sick & Co.

Deep expertise.
Straight answers.

Sick & Co. was founded by Andy Sick, a cannabis industry attorney with years of experience representing dispensary operators, cultivators, processors, and investors across New York, New Jersey, Connecticut, Michigan, and beyond.

Sick & Co. operates as a business consulting firm — bringing that same regulatory depth to clients in states where consulting, rather than legal practice, is the right structure. The result is strategic guidance grounded in how cannabis regulation actually works, without the overhead of a law firm engagement.

We've been in the room for license applications, community board hearings, regulatory negotiations, and acquisition closings. We know the difference between what the rules say and how they get applied.

Sick & Co. works with a focused roster of clients — we prioritize depth over volume, and the clients who work with us notice the difference.

Scope of Experience
Cannabis licensing across NY, NJ, CT, MI, VA, OH, DE, MN, CA, CO, OR, WA, RI, and DC
Retail, cultivation, processing, microbusiness, and delivery license work
OCM and CRC regulatory proceedings, deficiency responses, and community board strategy
Cannabis M&A consulting — buy-side and sell-side transaction support
Social equity and priority license application strategy
Regulatory compliance programs for operating licensees
By the Numbers
4
States with active cannabis consulting engagements
15
Markets monitored and advised across
NY · NJ
CT · MI · VA
Core active markets
Note on Services

Sick & Co. is a business consulting firm and does not provide legal advice. Clients requiring legal representation are referred to licensed counsel. For legal services, visit Sick Legal.

Get In Touch

Let's talk about
your project.

Whether you're preparing a first license application, evaluating a market, or working through a compliance challenge — initial consultations are free and confidential.

Phone
(231) 299-5500
Email
hello@sickandco.com
Markets Served
NY · NJ · CT · MI · VA · PA · OH · DE · MN · RI · CA · CO · D.C.
Response Time
Within one business day

Sick & Co. is a consulting firm and does not provide legal advice. By submitting this form you are not creating an attorney-client relationship. All inquiries are confidential.

Active Market — Oregon

Oregon Cannabis
a mature, competitive market.

Oregon legalized adult-use cannabis in 2014 and has one of the most established regulatory frameworks in the country. Regulated by the Oregon Liquor and Cannabis Commission (OLCC), the state has over 3,000 active licensees and a highly competitive market — but opportunities remain for operators who understand the regulatory landscape.

Legal since 2014 Regulated by OLCC 3,000+ active licensees License moratorium extended to March 2027
Our Oregon Practice

OLCC licensing and compliance
in a mature market.

Oregon's market is mature and well-regulated, but the state has extended a moratorium on new producer, processor, and retailer licenses through March 2027 due to oversupply. Opportunities exist in change-of-ownership transactions, compliance consulting for existing licensees, and strategic positioning for when the moratorium lifts.

01

OLCC License Applications

Retailer, producer, processor, wholesaler, laboratory, and transporter license applications under Oregon's OLCC framework — including compliance with population-based licensing caps.

02

Change of Ownership

Oregon's active M&A market requires careful navigation of OLCC change-of-ownership requirements. We advise on structuring and regulatory approval for license transfers and acquisitions.

03

Regulatory Compliance

OLCC compliance programs, Metrc seed-to-sale tracking, advertising compliance, and operational support for Oregon-licensed operators in one of the country's most established regulatory frameworks.

04

Local Licensing

Oregon municipalities can opt out of cannabis businesses. We advise on local licensing requirements and identify markets with viable approval pathways.

Active Market — Washington State

Washington State Cannabis
regulated by the LCB.

Washington State was among the first states to legalize adult-use cannabis in 2012 and operates one of the most established and tightly regulated markets in the country. The Washington State Liquor and Cannabis Board (LCB) oversees licensing, compliance, and enforcement for a market that generates over $1 billion in annual tax revenue.

Legal since 2012 Regulated by WA LCB $1B+ annual tax revenue Competitive, mature market
Our Washington Practice

LCB licensing and compliance
in a billion-dollar market.

Washington's cannabis market is one of the largest and most competitive in the country. The LCB has developed rigorous compliance standards and an active enforcement program. New license opportunities exist alongside a robust M&A market for existing licenses — both require experienced regulatory guidance.

01

LCB License Applications

Retailer, producer, processor, and researcher license applications under Washington State's Liquor and Cannabis Board framework.

02

License Acquisitions

Washington's active secondary market for cannabis licenses requires careful navigation of LCB change-of-ownership and true party of interest requirements. We advise buyers and sellers through the process.

03

Regulatory Compliance

LCB compliance programs, Leaf Data Systems traceability, advertising compliance, and operational support for Washington-licensed operators.

04

Local Approval Strategy

Washington municipalities can restrict cannabis business locations through zoning and local licensing requirements. We advise on local compliance and community engagement strategy.

Consulting Disclaimer. Sick & Co. is a business consulting firm. The information on this website is for general informational purposes only and does not constitute legal advice. No attorney-client relationship is formed by contacting Sick & Co. or submitting a form on this website. Clients requiring legal services should retain licensed legal counsel in their jurisdiction. For legal representation, visit Sick Legal.
© 2026 Sick & Co. All rights reserved. hello@sickandco.com · (231) 299-5500