Listing ID : 425334
Posted on December 8, 2023 2
If you are looking to secure a Micro Business license in the Los Angeles market this is the opportunity for you! Great opportunity to take over a Micro-Business in the City of Los Angeles. Each license was individually issued. This is a Social Equity Phase 2 Tier 1 License opportunity. The business is not in operation and would be best suited for someone that would like to move the license to a larger location as the canopy can be expanded to 20k Sq Ft. Initially issued in Downtown Los Angeles, 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.
Local License Approval (Cultivation, Manufacturing, Distribution)
Social Equity Phase 2 Tier 1
Each license was individually Issued
DCR Licensing Map (CLICK HERE TO VIEW LINK)
Cultivation- 10k SqFt Canopy Space
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- Distribution of medical cannabis and medical cannabis products from manufacturer to dispensary. A Type 11 licensee shall hold a Type 12, or transporter, license and register each location where product is stored for the purposes of distribution.
Asking Price: $399,000.00 (Seller Financing Available)
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 LIC CA# 02073168
If you have any questions Call Yesenia at (858) 633-3013
Or Email : firstname.lastname@example.org
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
Cannabis Cultivation, Cannabis Farm, Marijuana Grow, Marijuana Brokers, Cannabis Broker, Marijuana Real Estate Brokerage
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