Cannabis and Hemp
Escrow Services

Our banking relationships allow us to handle transactions that most escrow companies can't touch. We 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, we can typically come up with a solution. Our 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

  • 1) Escrow agreement is signed by all parties and documents are provided to Bricks + Mortar
  • 2) Bricks + Mortar confirms receipt and assigns transaction number
  • 3) Funds are submitted to escrow account via wire or check
  • 4) Confirmation of receipt is sent to the parties
  • 5) Transaction documents are signed and held in escrow (vary based on transaction type)
  • 6) All parties authorize the release of funds in accordance with settlement statement
  • 7) Money is disbursed within 24 hours as directed

Fee Structure

Real estate / business sales:
$1500 per closing (does not include drafting closing documents, however we can coordinate this with a cannabis friendly title company)

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, contact us and we can customize an arrangement for you

Questions?

  • 248-671-6721
  • escrow@bricksmortargroup.com