Cannabis & Hemp Insurance
Price : $11,899,000
Listing Type : Cultivation/ Production
Status : SOLD
Lot Size (Acres) : 286
Cannabis or Hemp Use Allowed? : Cannabis
License Type : Recreational, Medical
Sale Type : Cash
Utilities : Water, Trash
Company Name : Cannabis Business Brokers, Inc.
Phone : 949-280-3092

Nearly 300 acre farm located in Lake County, with ideal climate and growing conditions for cannabis. Long dry days, coupled with cool mornings and evenings.  Currently cultivating 3 acres, but expanding to 5 acres in 2020.  Potential to be licensed with the State and County for up to 14 acres of cultivation. 3 separate fully fenced flat pastures of 7.6, 5.9 and 14.8 acres.  Well maintained.  Profitable farm with projected 2020 gross revenue of up to $6.5 million and strong EBITDA, assuming current wholesale cannabis prices.  The land, with house, insulated barn, processing facility and other structures and equipment, is included in the sale price.  Or the land can be leased from Seller.  900 square foot one story farm house, 1440 sq ft insulated barn; 360 sq ft insulated storage container, 4 other storage units (a 45 Foot shipping container, two 20 foot truck trailers and a detached garage), 5,000 sq ft new processing facility and 3,000 sq ft green house for propagation. 20 acre foot pond and 3 wells; 18,000 gallon water storage tank farm with automatic solar pump. Power provided by generators.  All associated farming equipment used to cultivate included.  20 foot wide gravel road on property, accessible from county maintained road.  All environmental studies are complete and approved: Biological, Archaeological, CEQA Study, Lake and Stream Bed Alteration Agreement.  Low cultivation tax of $1 per sq ft.  10 year license allows for operation without re submission.  Farm growing auto flowers, maximizing yield.  SOPs will be provided. Lake County has approved self distribution of flower and pre-rolls, which can be added to licensing.

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Cannabis & Hemp Banking
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