Listing ID : 425231
Posted on December 8, 2023 1
This is a rare and exciting opportunity to own a cannabis Microbusiness that encompasses distribution, manufacturing, and cultivation of up to 10,000 square feet of canopy space. The business comes with a provisional license from the Department of Cannabis Control, providing a significant head start in regulatory compliance. To date, $300,000 has been invested into the buildout of the business. The new owner can expect to be operational within a few short months once the buildout process is final. This acquisition provides a convenient way to bypass the lengthy and often complex process of starting a cannabis business from scratch. It saves the new owner from investing a considerable amount of time, effort, and resources usually required to establish such an enterprise.
Situated in Desert Hot Springs, you would be operating in one of the most cannabis-friendly locales in California. This city was among the early pioneers in the cannabis industry after Prop 64 was passed in 2016, legalizing the recreational use of cannabis. More recently, Desert Hot Springs has further facilitated the growth of cannabis businesses by reducing its cultivation tax and completely eliminating the manufacturing tax.
In summary, this opportunity offers a unique entry into the thriving cannabis industry in a supportive and progressive environment. The purchase includes a provisional license, significant investments already made into the buildout, and a location primed for cannabis businesses. The stage is set for a seamless transition into the legal cannabis enterprise.
Total Space: 11,763 SqFt
Rent: $26,466.75 w/ $5,688.10 monthly CAM fee
Lease: 10 YR with two 5 YR options
Buildout: $300K Invested
No Encumbrances on the Entity that Owns the License
Cultivation- 10,000 SqFt Canopy Size
Manufacturing Type 6: For manufacturing sites that produce cannabis products using nonvolatile solvents or mechanical methods (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter). Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).
Distribution Type 11: Move cannabis and cannabis products between cultivation, manufacturing or distribution premises. Move finished cannabis goods to retail premises. Provide storage services to other licensees. Arrange for testing of cannabis goods. This license also allows the distribution facility to have a micro license capable of packaging space for all products (Type P) as well as a Delivery ability direct to consumer as well as a nursery/cultivation facility.
Asking Price: $199,000 (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
Jeff Taylor, DRE LIC CA# 02121244
If you have any questions Call Jeff (619) 218-6575
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.
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