This is a unique opportunity to acquire a property with a Conditional Cultivation License in place, located in the heart of Cumberland County, New Jersey. The property has been in the licensing process for the past 2 years and has municipal approval, with a conditional license granted by the state. The land spans 2.5 acres, with a 1,500 sq ft structure. The space is planned for extension to include dedicated grow rooms. The property is in the process of rezoning to meet all criteria for cultivation, making it on track to receive its annual license soon.

This sale includes the real estate, all plans, and the existing cultivation license. While retail operations are not permitted, this property was once a hemp farm, offering significant potential for cultivation activities. Asking Price: $1M or best offer. This is a perfect opportunity for those looking to enter the New Jersey cannabis market with the groundwork already laid.

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.

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.

Details:

Space: 2.5 Acre Property
Building Space: 1,500 Sq Ft (Has Plans to Extend for Grow Rooms)
Been in the Process for 2 YRS
Municipal Approval
Conditional License W/ the State
In the Process of Rezoning Property
Property Meets all Criteria
Needs Additional Architectural Plans
On Track to Annual License
License:

Conditional license: Begin building out operations for the cultivation, manufacture, dispensing, wholesale, distribution, or delivery of recreational use cannabis while working towards meeting the requirements for a cannabis cultivator, manufacturer, dispensary, wholesaler, distributor, or delivery license. 

Asking Price: $1,000,000.00 (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

Eric Espinoza, DRE CA LIC# 02077927

If you have any questions call Eric (858) 245-6324

Email: broker@glbgroupinc.com

Russell Miller, NJ License #1007010

Gordon Sattro DRE CA LIC #02136011

If you have any questions Call Gordon (858) 220-2185

Email: gordon@glbgroupinc.com 

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 Local Broker via the Green Life Business Group National Affiliate Program