Sencer Appraisal provides USPAP-compliant cannabis equipment appraisals that are unbiased, accurate, and defensible for all areas of the U.S. cannabis industry. As the industry rapidly grows, having a USPAP-certified valuation can prove vital when placing your equipment on the market, attracting investors, or gaining insurance coverage. If you need a cannabis equipment appraiser, then contact us today at 888-473-6237.
What is a Cannabis Equipment Appraisal
An appraisal of cannabis grow, extraction or processing equipment is an unbiased opinion of value that is accurate, defensible, and completed by an accredited, qualified professional. Sencer Appraisal’s cannabis industry equipment appraisals are completed by accredited equipment appraisers of the American Society of Appraisers and certified as compliant with the Uniform Standards of Professional Appraisal Practice (USPAP).
In 2019, American cannabis industry companies raised over $116 billion in capital. This boom has led to businesses, bankers, accountants, courts, and attorneys all frequently asking for cannabis equipment appraisals.
True Market Valuations for the Cannabis Industry
The cannabis industry marketplace is active and continually evolving. Pricing for new equipment may fall as manufacturers bring new and improved versions of their equipment to market, and this has an effect on the values of used equipment. Our appraisals address the value in the context of the industry, which can benefit your company by protecting your equipment from being under or overvalued.
Financial Reporting
As private companies working with marijuana and hemp work to expand their market, they need access to outside capital sources. Unfortunately, many of these companies may not have solid financial records in place that adhere to accounting standards. Sencer Appraisal has performed valuations in the cannabis industry to allow companies to create a formal beginning balance sheet that can serve as the basis of financial reporting to potential investors.
Insurance Coverage
Cannabis equipment appraisers can also be used to gain insurance coverage in case of loss. Since many companies do not have detailed records of their purchases, they can be left exposed when there is a loss. By using an up-to-date market valuation, companies can make ensure their assets aren’t over or under-insured. Without a USPAP-compliant equipment appraisal, you may not be able to claim the appropriate coverage.
USPAP-Compliant Cannabis Equipment Appraisers
All our equipment appraisals are completed by an accredited equipment appraiser of the American Society of Appraisers and certified as compliant with the Uniform Standards of Professional Practice (USPAP). They will meet the standards expected by the IRS, Financial Accounting Standards Board (FASB), GAAP, International Valuation Standards, or the U.S. Small Business Administration (SBA).
Sencer Appraisal has provided USPAP-compliant equipment appraisal for equipment such as that found in cannabis grow operations, hemp oil processing and extraction facilities, and cannabis-infused food processing plants. Our clients rely on us for accurate and professional valuations for mergers and acquisitions, corporate planning and due diligence, purchase price allocations, insurance and damage loss, litigation and divorce, property tax assessments, charitable contributions, estate planning, and for a range of other purposes.
Providing Equipment Appraisals Since 1955
Sencer Appraisal has been providing independent, USPAP-compliant equipment appraisal services across the United States for decades. Since founding our firm in 1955, our accredited equipment appraisers have completed thousands of valuations. Our service has gained the trust of a wide variety of clients, from food and farm owners to government agencies, accounting firms, private individuals, and business clients from sole-proprietorships to Fortune 5 corporations.
Types of Cannabis Equipment Valued
We appraise all types and brands of equipment and machinery for cannabis cultivation operations, cannabis processing facilities, cannabis oil processing companies, and cannabis-infused operations, including the following:
- Air compressors, pumps, chillers, condensers, and circulators
- Air handling, air circulations, and exhaust systems
- Botanical distillation and extraction systems
- Cannabis grinders and pre-roll machines
- CBD oil extraction equipment
- Centrifuges and scientific equipment
- Chromatography systems
- Dehumidifiers and humidifiers
- Delivery trucks & vans
- Environmental systems and controls
- Evaporators and processing equipment
- Filtration systems
- Forklifts & material-handling equipment
- Flower trimming equipment
- Grow rooms, flower rooms, and greenhouse equipment, including grow row lights, lighting controls, monitors and controllers
- Hemp drying equipment
- Hydroponic growing systems
- Laboratory equipment and furniture
- Office furniture and equipment, including computers systems & network equipment
- Ovens, vacuum ovens, and heating equipment
- Printing, labeling, and packaging equipment
- Reactor vessels, kettles, and stainless steel equipment
- Refrigerators, freezers, and coolers
- Seed and harvesting equipment
- Sorting machines
- Storage and shelving units
- Water handling and filtration systems
- Wiped film systems
Common Uses for Cannabis Equipment Appraisal Services
Cannabis and marijuana businesses across the U.S. may use our USPAP-compliant marijuana equipment appraisal services for a variety of circumstances, including:
- Meeting state regulatory capitalization requirements
- Corporate planning & due diligence
- Eminent domain
- Estate planning
- Expert witness needs and dispute resolution
- Financing and asset-based lending
- Insurance and damage loss
- Litigation, arbitration, bankruptcy, and divorce
- Mergers, acquisitions, and divestitures
- Property tax assessment
- Purchase price allocations and financial reporting
- Risk management
Our Cannabis Equipment Appraisal Process
Getting Started
To start with, we identify the purpose of the appraisal, before collecting key information such as manufacturer name, model number, serial number, age/usage, important specifications, and condition.
Appraisal Type
We identify the optimal appraisal type and valuation definition for your purpose. This includes fair market value, orderly liquidation value, forced liquidation value, fair value, or any other suitable definition of value.
Valuation
Our marijuana equipment appraisal process is suitable for both equipment appraisals with on-site inspections and uninspected desktop appraisals, allowing an option for a quick and travel-free valuation.
Delivery
We deliver an accurate and independent appraisal document ready to meet all the regulatory standards that you are likely to encounter.
Cannabis Industry Equipment Appraisers Near Me
- Los Angeles County
- Orange County
- San Diego County
- San Bernardino County
- Riverside County
- Ventura County
- Santa Barbara County
- San Luis Obispo County
- Imperial County
- and across California
- Alameda County
- Russian River Valley
- East Bay
- North Coast
- San Francisco Bay Area
- South Bay
- Alameda
- Berkeley
- Chico
- Concord
- Elk Grove
- Fairfield
- Fremont
- Fresno
- Hayward
- Livermore
- Marin
- Mendocino
- Merced
- Modesto
- Monterey
- Napa
- Oakland
- Petaluma
- Redding
- Richmond
- Roseville
- Sacramento
- Salinas
- San Francisco
- San Jose
- San Luis Obispo
- San Mateo
- Santa Clara
- Santa Cruz
- Santa Rosa
- Stockton
- Sunnyvale
- Vallejo
- Visalia
- and just about everywhere in between.
- Bend
- Beaverton
- Corvallis
- Eugene
- Grants Pass
- Gresham
- Hillsboro
- Medford
- Portland
- Salem
- Springfield
- Applegate Valley
- Columbia Gorge region
- Columbia Valley
- Illinois Valley
- Rogue Valley
- Snake River Valley
- Tualatin Valley
- Umpqua Valley
- Walla Walley Valley
- Willamette Valley
- and throughout Oregon
- Ogden
- Orem
- Provo
- Salt Lake City
- the Wasatch Front
- and across the state
- St. George
- Bellevue
- Bellingham
- Everett
- Federal Way
- Kent
- Olympia
- Redmond
- Renton
- Seattle
- Snohomish
- Spokane
- Tacoma
- Vancouver
- the Spokane Valley
- the Yakima Valley
- and throughout Washington