Listing ID : 425189
Posted on December 8, 2023 1
Amazing opportunity to acquire a Micro Business Retail Cannabis license in the state of New Jersey. The New Jersey adult-use market is projected to grow to $2 Billion by 2026! This state is a lucrative recreational market with high demand for licenses given the limited number of issued licenses. This is the ideal opportunity for an MSO or existing operator looking to expand into a brand new market with the potential to vertically integrate and build a footprint in New Jersey. This sale is for the license, which needs to be moved to a new location, and will also include the Necessary NJ State Documents to convert to a Full License (~$50k value)!
According to the CAC, they approved 152 personal use licenses: 92 are for cultivation, 45 for manufacturing, 11 for retail and 4 for testing labs.
New Jersey Conditional Micro Business Retail License
License needs to be moved to a new location. Seller is working on getting municipal approval and site control of a few locations.
This license has delivery capabilities in New Jersey. All retailers can deliver on their own without an outside party or separate license.
Pre-Revenue, No tax exposure
License Requirements: 2,500 sq ft of plant touching area, 10 employee maximum, ¼ of employees must be from impact zone
The sale will also include the Necessary NJ State Documents to convert to a Full License (~$50k value)!
Asking Price: $175,000.00 (Seller Open to Offers)
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Yesenia Jimenez, DRE LIC CA# 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.
National Affiliate Listings
All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by a Local Broker via the Green Life Business Group National Affiliate Program.
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