103Listing ID: 273388GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $12,000,000
Status : ACTIVE
Size : 3708
Lot Size (Acres) : 200
APN : 014-331-064
Cannabis or Hemp Use Allowed? : Cannabis
License Type : Recreational
Year Built : 1996
Utilities : Water, Electricity, Gas

Location is everything for successful outdoor cannabis cultivation which is dependent on a Mediterranean climate to promote volume and quality. Why choose a cannabis property in a harsh climate where land is cheap and easy to license and then spend millions trying to convince the market that your brands are different? Let the quality of the product tell the story and sell itself. Located in the heart of Adelaida, an historic area revered by cannabis and wine aficionados, this two-parcel property affectionately known as The Rocking Chair Ranch is a prized jewel situated in the rolling oak covered hills and Mediterranean climate of San Luis Obispo County.

The level of pride in ownership of property in Adelaida can be witnessed at any winery within a few miles of the ranch. Adelaida is where some of the world’s wealthiest individuals have spent tens of millions of dollars developing wineries and dreams; and at the same time preserving some of California’s most beautiful landscapes.

Like vines, cannabis grows well on flat land, but the gradient, altitude and sun exposure found on the Rocking Chair Ranch promote high quality flowers with higher terpene and cannabinoid content, the chemical compounds responsible for aroma and pharmaceutical effect. The Adelaida District sees an average of 25 inches of rainfall annually that comes late in the year allowing long season cannabis cultivars/chemovars, like OG Kush, time to fully mature and express their genetic potential.

The county approved locations for operations are not visible from the county maintained road, but tucked behind a couple of the property’s oak-topped hills. Just past the entrance of the ranch, breathtaking views of the nearby Santa Lucia Mountain range appear at first and then the vast cannabis cultivation fields.

The fields are equipped with irrigation lines and Mazzei fertilizer injectors supported by two wells, eight 5,000 gallon and two 2,500 gallon water storage tanks.

Two homes are located on the ranch, one on each parcel, as well as two shops, a pole barn and two wells. One home features 3 bedrooms, 2 baths and is approximately 2,088 sf with a lovely backyard setting. The second home is a manufactured home offering 3 bedrooms plus office, 2 baths and is approximately 1,620 sq ft. Both homes were updated in 2018. Approximately 60 acres of the property can be planted with other crops with the balance of the property being an outdoorsperson’s paradise. Horse, mountain bike, and hiking trails lead up oak-lined draws, through lupine blushed meadows in the spring, to commanding views from the property’s mountain peaks. Blacktail deer, wild turkey, wild pigs, tule elk, bobcat, golden eagle, bald eagle, badger, mountain lion and the occasional bear have been seen on the property. 

The ranch has much of the needed infrastructure, i.​e.​ roads, water, tanks and power in place to accommodate the future growing operations.​ Conditions of Approval for the Minor Use Permits authorize 7.5 acres of outdoor, 1.25 acres of indoor cannabis, plus an additional 1.75 acres of ancillary nursery canopy for utility ways, as well as indoor ancillary nursery, ancillary transport, and associated supportive development and uses.​

Contact Listing Owner
Cannabis & Hemp Banking
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