New Auction-Style Marketplace Simplifies Bulk Buying and Selling for Licensed Growers and Processors
LANSING, MI – Greenbids, an innovative auction-style marketplace for bulk cannabis biomass, oil, and equipment, today announced its official launch in Michigan. Starting on Tuesday, January 7, 2025, licensed growers and processors throughout the state can utilize Greenbids’ user-friendly platform—described as “the eBay for bulk cannabis”—to buy and sell in a secure, streamlined environment.
“Michigan is one of the most important cannabis markets in the country, and we’re excited to help growers and processors turn inventory and excess equipment into cash,” said John Grenier, Greenbids Michigan Auction Coordinator. “Over the last six months, we’ve put together a network of hundreds of bulk buyers throughout the state. Sellers can be confident that listings will get put in front of virtually every bulk buyer in the state. We support a variety of deal types, but cash is king on Greenbids.”
Standard Contracts for Protected, Efficient Transactions
To further ensure a seamless experience, Greenbids provides industry-standard contracts for every transaction. The Greenbids standard contracts safeguard both buyers and sellers, clarifying deal terms, protecting each party’s interests, and greatly expediting the buying and selling process.
“We identified standardized contracts as a vital contribution we can help bring to the industry.” added Grenier. “Bulk cannabis trades too fast for redlines to be going back and forth on every deal. The industry needs simple, standard contracts that are fair to both sides, and we provide them.”
Key Features of Greenbids
- eBay-Style Marketplace: Simple, intuitive platform designed specifically for bulk cannabis transactions.
- Auction-Style Model: Real-time bidding ensures fair market value and helps sellers quickly convert inventory into capital.
- Extensive Buyer Network: A curated list of statewide buyers maximizes the visibility of bulk products.
- Standard Contracts: Built-in standard contracts safeguard all participants and streamline transactions.
- Enhanced Flexibility: Sellers can choose from various deal structures, including splits, tolling, and outright sales.
Greenbids’ entrance into the Michigan market comes at a pivotal time for the state’s cannabis industry. With rising demand and an expanding base of licensed operators, the need for efficient ways to connect buyers and sellers is higher than ever. Greenbids fulfills that need, empowering local businesses and strengthening the state’s cannabis ecosystem.
For more information about Greenbids and to sign up for early access, please visit www.greenbids.com.
Media Contact
Name: John Grenier
Title: Michigan Auction Coordinator, Greenbids
Email: johnny@greenbids.com
Phone: (734) 203-0196
About Greenbids
Greenbids is an innovative technology platform designed to streamline the trading of bulk cannabis biomass, oil, and equipment. By blending the auction model with standard contracts, Greenbids provides licensed growers and processors with a secure, transparent, and user-friendly solution for maximizing their returns. Often called the “eBay for bulk cannabis,” Greenbids focuses on compliance, liquidity, and efficiency, redefining the way the cannabis community conducts business. For more information, visit www.greenbids.com.
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