Posted on December 2, 2022 / 257Listing ID: 499023APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $575,000
Company Name : Green Life Business Group, Inc
Phone : (619) 972-5952

This is a great opportunity to acquire a fully turnkey cannabis Cultivation, Processing, and Retail business located in the strategic Oklahoma market. The licenses are located in Duncan, Oklahoma (Population +22k). The business sits on a 35 acre property that has been in operation since 2019 and is fully compliant with all city and state regulations ready for a new owner to operate. Included Assets in the sale is ALL the equipment for Cultivation, Processing, etc. This a great opportunity for the new owner to take over operations in the City of Duncan, Oklahoma, which is very friendly towards the licensed cannabis industry. Cannabis Micro Businesses are high in demand due to three different license types and uses all under the same umbrella that help generate different streams of income all under the same roof.

In May 2022, Oklahoma Gov. Kevin Stitt signed into law a pause on medical cannabis licensing in the state. The new law implements a two-year moratorium on medical cannabis licensing, prohibiting regulators from issuing new cultivation, processing and retail licenses from August 2022 to August 2024.

Details:

  • Space: All buildings combined Approx 7,500 SqFt in total
  • Lot: 35 acres
  • Licenses: Microbusiness Cultivation, Processing, Retail
  • Power: 200+ amps
  • Home on property w/ 3 bedrooms & 2 bath
  • # of employees: 2 + trim team for harvest
  • Overhead Costs Approx: $3,200 /Month
  • Included Assets: All equipment for Cultivation, Processing, etc

License:

  • Cultivation – A medical marijuana grower license allows a business to legally grow marijuana for medical purposes in Oklahoma. Licensed growers can only sell to licensed processors, dispensaries and other growers.
  • Processing – A medical marijuana processor license allows a business to legally process marijuana for medical purposes in Oklahoma. Licensed processors can sell to licensed dispensaries and other licensed processors.
  • Retail Storefront – Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, cannabis and cannabis products as part of a retail sale.

 

Asking Price: $575,000.00 (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.

Shannon Wells, DRE OK Broker Lic. # 203847

Tom Milks, DRE CA LIC#02064305

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

Email: tom@glbgroupinc.com

National Affiliate Listings

All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by a Local Broker via the Green Life Business Group National Affiliate Program.

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