FREQUENTLY ASKED QUESTIONS
How much does it cost to use the GCX platform?
There are no sign-up fees, no listing fees, and no hidden costs for licensed participants to use the GCX platform. The exchange only charges a commission-based success fee once a deal has been executed. There is a small monthly fee for non-licensed view-only users to access the screen, data services and our month end report.
Am I bound to GCX if I become a member?
No, our clients are not bound by exclusivity. We understand that our clients will explore every marketing and sales channel they can for their production. We ask that clients remove their listing from GCX platform as soon as it is sold or pending sale elsewhere.
Does GCX have claim to future deals with someone I met through the exchange?
No, GCX only requires that an existing deal that originated through the exchange be completed. The exchange is not involved in the companies’ dealings outside of our service. We aim to provide a value-added service that keeps both parties returning for the standardized buy/sell contract, price transparency, ease of negotiation, connectivity to low escrow rates and connection to multiple shipping partners.
How is the Global Cannabis Exchange different from other cannabis exchanges?
Complete Integration – GCX handles deal origination, trade execution, payment processing, and logistics – all in one place. An existing global transportation and storage network creates the ability to deliver internationally. We assist in negotiations and focus on the end-to-end experience for our clients.
Range of Services – GCX works with over 500 licensed Global Cannabis participants from micros to large-cap corporations. Our platform offers a wide range of products for sale and services such as white labelling, contract growing, proprietary strains, facilities for sale and other beneficial services to our members.
Real-Time Trading – All prices, trades and bids are executed on a live screen, whereas alternative options on the market hold auction-style sales or simply draw dealers to meet and communicate 1:1 about an agreement. GCX’s real-time markets allow increased price transparency and more accurately represent the global market.
How do I post a product listing?
The top right bar of the GCX platform has a drop-down menu. Click on “submit new products,” which will bring up a box with a name and category. There you can input the name of your product and the category corresponding to the product type.
What should I include in my listing?
When listing products on the platform it is mandatory to include an approved certificate of analysis (COA). We also ask for harvest date, moisture, terpene profile and photos of your product to help your listing be noticed.
How can I make bids on the platform?
Bids can be made through our full time voice brokers or through our live online platform.
Have a question we did not answer above?
Please reach out and we’d be happy to help.
Send us an email to request a demo and become a GCX member today.