Owner has Local approval for a Distribution opportunity in the city of Long Beach. The license is allowed for both Medical and Recreational (Adult-Use) for the city of Long Beach. After months of lobbying from local cannabis business owners and operators, Long Beach City Council agreed to lower the tax rates for non-retail cannabis operations in the city. The resulting ordinance will reduce tax rates for distributors, cultivators, manufacturers and lab testing facilities from 6% to 1%.
- Space: 3,648 SqFt
- Rent: $5,472/ Month
- Lease: 5 YR
License: Distribution of medical cannabis and medical cannabis products from manufacturer to dispensary. A Type 11 licensee shall hold a Type 12, or transporter, license and register each location where product is stored for the purposes of distribution. A Type 11 licensee shall not hold a license in a cultivation, manufacturing, dispensing, or testing license category and shall not own, or have an ownership interest in, a facility licensed in those categories other than a security interest, lien, or encumbrance on property that is used by a licensee. A Type 11 licensee shall be bonded and insured at a minimum level established by the licensing authority.