Thanks to Dbusiness for this:
GreenBids, an auction-style platform referred to “The eBay for Bulk Cannabis,” has officially launched in Michigan.
Licensed growers and processors throughout the state can access GreenBids to buy and sell cannabis biomass, oil, and equipment in a streamlined and secure environment.
“Michigan is one of the fastest-growing cannabis markets in the U.S.A., and we’re excited to bring a solution that simplifies how bulk transactions happen,” says John Grenier, Michigan Auction Coordinator at GreenBids. “Our platform transforms excess inventory and equipment into liquidity, helping businesses focus on growth.”
With a network of hundreds of vetted buyers statewide, GreenBids states it “ensures sellers’ listings gain unparalleled visibility, turning inventory into cash faster than ever.”
“Cash is king on GreenBids,” Grenier adds, emphasizing the platform’s focus on simplicity and value.
GreenBids’ features for the cannabis industry include:
- Auction-Style Marketplace: Real-time bidding ensures competitive pricing and helps sellers move inventory quickly.
- Extensive Buyer Network: A curated statewide list of bulk buyers maximizes exposure for every listing.
- Standard Contracts: Industry-standardized agreements safeguard both buyers and sellers, eliminating time-consuming negotiations.
- Flexible Deal Structures: Sellers can tailor transactions with options like splits, tolling, or outright sales.
GreenBids states it offers built-in standardized contracts that fast-track deals while protecting both parties.
“Cannabis trades move quickly, and waiting on redlines for every transaction slows the industry down,” says Grenier. “Our standard contracts allow businesses to focus on what matters: making deals and scaling operations.”
GreenBids is headquartered in Casper, WY.
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