Cannabis Business, Real Estate, and Permit Escrow Services

We are able to help clients handle transactions that most escrow companies won't touch. They can handle a variety of transaction types, including real estate closings, hemp sales, construction escrow accounts, and more. If you have a unique situation let us know, they can typically come up with a solution. Their team can take care of all disbursements, escrow documents, and provide regular account statements so you know your money is always protected.

Outline Of The Process: How It Works

Step 1 – Open an Escrow Account

In order to open an escrow account, you will need to provide the following documents:

– Escrow agreement signed by all parties

– Operating agreement for each entity (buyer and seller)

– An LLC resolution signed by all company owners telling us who is authorized to release the funds (Download Sample LLC Resolution)

– Copy of driver’s license or passport for each party authorized to sign

– W-9 for the company that is receiving the funds

Step 2 – Fund Escrow

Once we have your documents, you will be assigned a transaction number. You can now fund your escrow account via ACH, check, cashier’s check, or Wire. Remember to ALWAYS call to confirm wire instructions prior to sending any funds!!

Step 3 – Complete The Transaction

Depending on the transaction, there will likely be various documents for you to sign at closing. You should receive a copy of the closing package, along with a disbursement ledger outlining where the funds should go. If your purchase doesn’t include real estate, your attorney or broker may be the one to prepare the final documents. Once all parties are in agreement that the terms of the contract have been fulfilled and have authorized the release of funds, Token Title will disburse.

Fee Structure

Real estate / business sales:
$1500 per million (this does not include title insurance related costs, however we can coordinate this for you with cannabis friendly Token Title Group)

Hemp escrow:
$1500 per million transacted, up to 4 parties involved

Custom escrow transactions:
If you have a different type of transaction, a lot of parties involved, or a transaction over $2 million, Token Title Group can customize an arrangement for you