Posted on June 2, 2023 / 57Listing ID: 502267APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Banking
Price : $300,000
Status : ACTIVE
Size : 2.300 sq ft with expansion option
Cannabis or Hemp Use Allowed? : Cannabis
Current Cannabis Business License? : Provisional Testing License
License Type : Recreational, Medical, Medical & Recreational
Sale Type : Cash, Financing, Owner Financing, Joint Venture
Company Name : LabX Group, LLC
Phone : 201-923-1428

What is included in the sale:

  • Provisional License Suite (to include the following)
  • Special Permit
  • Host Community Agreement
  • LLC Business entity
  • 2,200 sq ft of space with ability to expand
  • Right to purchase Real Estate (total size 7,268 sq ft)
  • Approved Plans (Security, Architectural floor plan, sight plan, state level required plans)
  • Executed leases agreement (5 year with 5 year renewals)
  • Consulting Services (assist with transfer of ownership with regulatory bodies)

What is NOT included in the sale:

  • Buildout 

  • Instrumentation 

Why Purchase a Cannabis Lab?

  1. Lab testing is projected to be one of the most stable segments of the cannabis industry.

  2. Analytical Lab testing is the only cannabis model NOT subject to IRS tax code 280E (not unfairly taxed like other cannabis businesses).

  3. As of August 2022 the State of Massachusetts recreational cannabis industry has generated $3.45 billion in about 3 years.

  4. The Massachusetts Cannabis Control Commission has approved approximately 435 Cannabis licenses of which less than 1% are active Cannabis Testing Labs. This has created a testing backlog and a fantastic business opportunity in a highly regulated market.

  5. The Lab is a minority-owned business in the Cannabis Analytical Lab space.

  6. The project is centrally located within the state of Massachusetts.

Asking Price

The Asking Price range is negotiable and contingent on the terms of the sale.

Provisional License Suite ($300k)
(OPTIONAL) Real Estate Purchase $1.6MM

Retail cannabis License for sale in Kelso, Washington in Cowlitz County
Contact Listing Owner
Cannabis & Hemp Insurance
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