Seller has successfully obtained local licensing for Cultivation, Manufacturing & Distribution for both Uses (Medical, Recreational Cannabis). The location will host 3 flower rooms with double racks allowing for 216 lights for 3,320 sqft. The company is projecting 4.5 harvests per year which could yield 1600-2700 lbs annually. Company is approximating 15% of the cultivated yield to be converted to cannabis oil. The company has completed the architectural design and has begun facility renovations.
California which is the largest cannabis market in the United States. The market is considered matured compared to other cannabis markets and has an existing regulatory framework that was established in 2018. The total California Market is expected to be worth $3.1B in 2020 and $4.8B by 2025.
- Space: 5,485 sqft
- Rent: $16,455/Month +3% annually
- Cultivation-Cultivation using exclusively artificial lighting
- Manufacturing-For extraction using a mechanical method or non-volatile solvent (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter)
- Distribution-Distributor licensees are responsible for transporting cannabis goods, arranging for testing of cannabis goods, and conducting quality assurance review of cannabis goods to ensure they comply with all the packaging and labeling requirements. Distributor transport licenses allow for the transport of cannabis goods between licensed cultivators, manufacturers, and distributors
Asking Price: $599,000.00
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.
Green Life Business Group, Inc DRE CA LIC# 02061374
Drew Mathews, DRE CA LIC# 02091143
If you have any questions call Drew (619) 653-0483
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.