For Lease: 10,000 square feet of greenhouse available in Kelseyville, Ca. County cultivation tax is to be paid in full to landowner directly by April 15, each year.
Western Pacific Paradise, (WPP) is seeking a tenant for the development of a 10,000 square feet commercial greenhouse to cultivate premium cannabis for the wholesale market. Located on Bottle Rock Road, Kelseyville California, the pristine property contains 22 acres of meadows, hills, creeks, and ponds. The property consists of a residence, pond, access to Carter Creek, and several small wells.
The terms of the lease on the property are in line with the county’s local authorization timeline, thus the lease will be for a 5 year term, with a renewable option for an addition 5-years.
WPP is a proud member of the Lake County Cannabis Alliance. The Alliance includes cultivators, distributors, and manufacturers as members of the alliance.
II. Market Analysis
There is a large market for cannabis flower and cannabis trim within the state of California. In fact, by 2022, Marketnewsupdates.com projects the global cannabis market to be worth as much as $32 billion, a three-fold increase in just five years.
United States production is anticipated to fuel much of that growth, with an expected market value of $23.3 billion. The largest group of cannabis buyers is predicted to be in North America: Forbes projects it is increasing from $9.2 billion in 2017 to $47.3 billion a decade later.
For the top 10 trends in cannabis for 2019, see: https://bdsanalytics.com/top-10-trends-in-cannabis-for-2019/
For the latest cannabis market news updates, see: https://www.prnewswire.com/news-releases/california-cannabis-market-expected-to- reach-51-billion-market-value-685917412.html
For cannabis projections for California, see: https://www.forbes.com/sites/irisdorbian/2019/08/15/california-is-worlds-biggest-legal- pot-market-says-new-report/#161e9d954cd7
III. Major Use Permit
Lake County cannabis major use permits are valid for 10 years. At a time when this industry remains small, but growing, investment in its evolving and expansive future offers a unique opportunity for our investors/tenant. Lake County commercial cannabis cultivation regulations (ordinance No. 3084. 05/21/2019)