Listing ID : 425322
Posted on December 8, 2023 1
The opportunity being presented is quite remarkable. It involves acquiring a portable Cultivation 10,000 Sq Ft Canopy License in Los Angeles, CA. Being a Phase 2 Tier 3 License, this license allows for 100% ownership and does not require a Social Equity partner. This license grants permission for cannabis cultivation within a 10,000 square feet canopy space. Initially issued through the Community Planning Area of Hollywood, the license can now be relocated outside of that area, thanks to the recent approval by the Department of Cannabis Regulation (DCR). This newfound flexibility allows the new owner to choose a location that best suits their specific needs. Although the opportunity is currently pre-revenue, it provides the buyer with the chance to construct a fully customized cultivation facility from the ground up, thereby creating a brand new revenue stream.
Furthermore, the buyer would not be exposed to any tax liabilities from the previous owner, which is a significant advantage. This opportunity is particularly rare and valuable as it allows entry into the thriving cannabis industry in Los Angeles, which is widely recognized as the Mecca of the Cannabis Industry. By seizing this license-only play, the buyer can capitalize on the market and unlock the potential for success. It serves as a valuable asset and provides a solid foothold in an industry with tremendous growth potential.
Amended LAMC Regarding Cannabis Law LINK: Section 104.03(c)(6)(i)(A) says one could relocate to another community plan area that has not reached undue concentration if you have temporary approval. Section 104.03(g)(2) says one could refile into another community plan area as long as it has not reached undue concentration.
License: Provisional Phase 2 Tier 3 Cultivation License
No Social Equity partner needed (100% Ownership)
Canopy Size: 10,000 SqFt
DCR Licensing Map (CLICK HERE TO VIEW LINK)
Cultivation- 10,000 Sq Ft Canopy
Asking Price: $249,000.00 (Seller Open to Offers)
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Yesenia Jimenez, DRE CA LIC# 02073168
If you have any questions call Yesenia (858) 633-3013
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.
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