The Cannabis Market in Los Angeles has experienced significant growth in recent years, with the city being one of the largest legal cannabis markets in the world. The distribution and delivery licenses for cannabis are currently located in the Central City Community Plan Area and the CD 14 Council District, but they can be moved anywhere in the city of LA!
Regarding the licensing status, the City shows the status as “Local Compliance Underway”, which means that the licensing process is in progress and inspections are yet to be carried out. Once the inspections are passed, the local licenses will be issued, which can be a pre-revenue opportunity for investors looking to enter the cannabis market. Additionally, as it is a license-only play, meaning that the business could have no tax exposure. The new owner has the option to purchase the delivery and distribution licenses separately or together, providing flexibility in their investment strategy. Overall, the cannabis market in Los Angeles presents a unique opportunity for investors looking to enter the cannabis industry.
 
 
 
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.

DCR Licensing Map LINK

Details: 

Delivery License (Non Retail Storefront)
New owner will have to move the license to a new location within the city of LA (pending zoning regulations approval from the DCR)
Distribution License
New owner will have to move the license to a new location within the city of LA (pending zoning regulations approval from the DCR)
 

Asking Price: $649,000.00 OR $350K/per License 

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

Tom Milks, DRE LIC CA #02064305

If you have any questions call Call Tom (619) 972-5952

Email: Tom@glbgroupinc.com

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