Great opportunity for a locally approved Manufacturing Type 7 business in Long Beach, CA. This business is nestled in the heart of the city with a facility that is already 70% built out, providing the new owner with a solid foundation to continue. Long Beach is not just a geographical location; it’s a hub of opportunity. In recent years, it has gained significant recognition for its favorable tax rates and progressive cannabis policies. The new owner would have to continue the construction and buildout. Currently, the licenses are designated for Medical Cannabis Use, but the new owner could apply for Recreational Cannabis Use once the build-out is completed. This way the new owner could obtain Medicinal and Recreational use.

Long Beach’s local tax rates are 1% of Gross Receipts for Manufacturing, Distribution, Testing, $13.20 per Square Foot under Cultivation & 8% of Gross Receipts for Retail.

Details: 

Space: 3,200 SqFt
Rent: $8,000/Month 
Lease Term: Month to Month (LL Open to Long Term Lease)
70% Built out
Power Upgrade Completed 
Needs Plumbing & Flooring
Gated Parking Lot

Licenses: 

Manufacturing Type 7: Allows for all aspects of cannabis manufacturing, including Extraction w/ Volatile Solvents, i.e. LHE/BHO; and everything allowed w/ Type 6, Type N, Type P Manufacturing Licenses.
 

Asking Price: $125,000.00 (Seller Open to Offers)

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Green Life Business Group, Inc DRE CA LIC# 02061374

Tom Milks, DRE CA LIC# 02064305

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

Email: tom@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.