Rare opportunity to acquire a Los Angeles retail cannabis license opportunity with a clear path to reactivation. While the existing local authorization is currently in abandonment status, the Seller has received written confirmation from the Los Angeles Department of Cannabis Regulation (DCR) confirming the ability to refile a new application. The Buyer will have the opportunity to submit a new application and pursue local approval, with any transaction contingent upon obtaining the necessary regulatory approvals. The most recent approved Community Plan Area (CPA) associated with the license was Wilshire; however, a Buyer may relocate the local license opportunity into any Los Angeles Community Plan Area that has not reached undue concentration, subject to DCR requirements and approvals.

This opportunity allows an operator, entrepreneur, or investor to establish a retail cannabis presence in one of the largest cannabis markets in the United States while maintaining flexibility in site selection and business development strategy. Buyers can secure a compliant location, pursue local licensing approval, and build a customized retail operation tailored to their vision and long-term objectives.

Key Highlights:

DCR Confirmation to apply for a new license
Community Plan Area (CPA): Wilshire
License could be relocated anywhere in Los Angeles Community Plan Area
Not Operational
 

Whether you’re looking to establish a new dispensary, expand an existing portfolio, or secure a valuable cannabis asset, this license presents a unique opportunity to enter or grow within one of the nation’s most established cannabis markets.

License Type: Pre-ICO Retail Storefront License – A retail cannabis license opportunity that allows a qualified operator to establish a storefront dispensary location, subject to state and local approvals. The portable nature of the license provides flexibility to secure a compliant location within the City of Los Angeles and develop a customized retail operation serving adult-use cannabis consumers.

Asking Price: $199,000 (Seller Open to Offers)

Must sign an NDA/Waiver 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

Drew Mathews, DRE LIC CA# 02091143

If you have any questions Call Assistant Katia (832) 403-9392  & Drew at (619) 653-0483

Or Email: pm@glbgroupinc.com & ceo@glbgroupinc.com

Green Life Business Group®® Inc. we are here to both help you sell or buy a cannabis business opportunity.

Disclaimer: The content of this listing is based solely on information provided by the seller to Green Life Business Group®, Inc. Green Life Business Group®, Inc has not independently verified or confirmed the accuracy, completeness, or reliability of any such information and makes no representation or warranty, express or implied, regarding it. Any party relying on the description or other listing information should conduct its own independent due diligence and verification.