Listing ID : 657038
Listed On January 3, 2024 254
Listing Updated September 5, 2024
Up for sale is an LLC with a Tier 1 cannabis cultivation license. Licensed to cultivate up to 1000 square feet of canopy, this is a perfect opportunity for someone currently working as a contract grower looking to become their own boss. Due to complications with zoning, they’ll be losing their grow location next month, and their loss can be your gain. All offers will be considered and reviewed, but need to be submitted no later than April 10th.
The offering does not include any equipment, inventory or real estate, which makes this an ideal opportunity to start your business with an entire year of runway before worrying about renewing the license, and the ability to build out your grow exactly to your specifications from the start. The license is fully relocatable to anywhere in the state that can pass zoning and inspection, which gives you a great opportunity to set up shop where you’d like to be in business. With the license, you’ll be clear to wholesale to any dispensary or manufacturer in the state, so you’ll have no shortage of potential doors to knock on for moving your product.
Montana’s cannabis industry sold over $300 million worth of cannabis in the state in its first year and showed healthy, sustainable growth of approximately 5% in year two. Montana is currently under a moratorium for new licenses until July of ’25 at the earliest, which gives you a great opportunity to establish your business and carve out market share without having to compete in an overly-saturated market as is the case in many states around the country. This is the perfect opportunity for an established grower currently working as a contract grower or for someone looking to get into the market.
Montana allows the license to be tiered up once per year at the time of renewal. The next tier up would be to 2500 square feet at renewal, so it’s an opportunity that is capable of growing with your business.
There aren’t many opportunities that hit the market at this price point, and they don’t sit for long. If 2024 is the year to become your own boss and start calling the shots, call or text Myles at 406-404-DUDE to get the conversation started.
Non-disclosure agreement and proof of funds required. Brokered by eXp Commercial
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