Exiting on a High After the Cannabis Boom with Sara Gullickson

The Exit - Presented By Flippa

Technology

5.0 • 420 Ratings

🗓️ 30 January 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on The Exit: Sara didn’t know that answering an ad on Craigslist for a cannabis agency would result in her buying, building and eventually selling that same company. The business grew to become one of the first cannabis consulting businesses in the USA, working to get licensing across the country. When Illinois legalized cannabis, the industry boomed and Sara found herself with a very valuable asset. Everyone wanted in, and Sara’s company was in hot demand. So how did an exit happen when Sara never had an exit plan, but had all the power? Listen to find out. Sara Gullickson is an entrepreneur, investor, and corporate dealmaker with more than a decade of experience building and scaling businesses personally and professionally. A multi-state cannabis license holder, Sara has a proven track record in identifying new opportunities and infusing traditional business strategies into progressive markets. At age 27, she entered the nascent cannabis space and founded her first venture, a consulting firm called Dispensary Permits. She went on to build several other ancillary companies tailored to the cannabis industry including a tech platform and turnkey retail model. Instagram @Thecbadvisors - https://www.instagram.com/thecbadvisors/ Twitter @Thecbadvisors - https://twitter.com/thecbadvisors Website - https://thecannabisbusinessadvisors.com/ Website - https://saragullickson.com/ -- The Exit—Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. To listen to the podcast or get daily listing updates, click on flippa.com/the-exit-podcast/

Transcript

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0:00.0	Hello, and welcome to the Exit presented by Flippa, the world's largest market place
0:03.9	to buy and sell online businesses and startups.
0:06.8	The Exit is a 30-minute podcast featuring amazing entrepreneurs who have been there and
0:10.2	they have done it.
0:11.4	The Exit talks to operators who have bought and sold businesses of all different sizes.
0:15.5	You'll learn how they did it, why they did it, and get exposure to the world of Exit.
0:19.6	It's a world occupied by a small few, but accessible to many.
0:23.5	Now in this episode, I sit down with Sarah Gullixan, she's an awesome CEO that sold her
0:28.8	cannabis company and really goes through the process of scaling that up when it was
0:34.0	really around her consulting, when she started out, and then scaled it to the point where
0:39.2	she could exit.
0:41.4	Now she is currently the CEO at the CB Advisors and really doing some incredible things in
0:48.8	the wellness space, and it's a fun conversation where she talks through the timing of exiting
0:54.1	a business and it being around like a five-year mark, and just some really good knowledge
0:59.5	nuggets from Sarah around how building a business with a partner like an acquiring company
1:07.8	gives you the resources to really emphasize your vision and have an accounting department
1:13.7	and all these different big resources that come from an acquiring company that's a really
1:18.9	great take on the power of an exit, is getting that vision done by working with a larger
1:25.9	organization.
1:27.3	So without further ado, let's sit down here on the exit and talk to Sarah.
1:37.7	All right, everyone, I am here with Sarah Gullixan and she is the CEO of the CB Advisors
1:49.5	How's it going Sarah?
	...

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