Posted on August 31, 2022 / 64Listing ID: 451248APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $3,250,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : 8582456324

This is a great opportunity for someone that is looking to expand their Cultivation and Distribution footprint in San Diego County. This opportunity also includes the Real Estate (Valued at $1.25M) in the asking price, representing a greater value!!! The building has easy highway access, which makes for a great logistical location for Distribution. The business is currently not operational but will be within the next 45 days. All licenses currently active at the local and state level, ready for a new owner to establish their presence. This facility could function as a main cultivation and packaging center for the new operator in the heart of the San Diego Cannabis Market.

California recently announced the “Provisional Deadline” (MJBizDaily Article), or temporary license, program will sunset June 30, 2022 with the first deadline being March, 31st, 2022. This means that in order to operate legally you must go through the arduous and lengthy time consuming process of obtaining a full “Annual” license or the only other option would be to acquire an already existing licensed business.

Cannabis Business Tax: Effective May 1, 2022, the Cannabis Tax rate for Cannabis Production Facilities (Cultivation, Manufacturing, Distribution, Storage) is 2 percent of monthly gross receipts. Each business is required to remit monthly the full amount of taxes owed based on previous month activity.

Details:

  • Space: 3,200 SqFt
  • Lot Area: 7,082 SqFt
  • Parking Spaces: 6 + Street Parking
  • Lights: 165
  • Ceiling Height: 16-18 Ft
  • Real Estate Valued at $1.25M
  • Licenses: Specialty Indoor & Distribution

Licenses:

  • Cultivation (Specialty Indoor) – 501 to 5,000 SqFt of Canopy
  • 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.

Looking for Funding? 

Whether it’s for a fast growth situation, a turnaround in a rising industry we can connect you with lenders. If you are looking for acquisitions, purchases and expansion these lenders could fund against a company’s revenues, accounts receivable, licenses, inventory, and real estate. By focusing on assets, instead of balance sheets and projections, the lenders could fund opportunities that banks can not. Please notify the listing agent mentioned below if you want to hear more information about this.

Asking Price: $3,250,000.00 (Seller Open to Offers) 

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. 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: eespinoza@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.  California’s Premier Cannabis Business Brokers.

MASSIVE UPSIDE POTENTIAL- Three Licenses, turn key, competitive lease, owner financing available. Richmond, CA.
You can do it all. Grow premium indoor for flower sales. Use the Type 7 equipment to create your own extract products. Use the distribution van to sell directly to dispensaries.VIEW LISTING
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Cannabis & Hemp Banking
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