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:
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Buildout
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Instrumentation
Why Purchase a Cannabis Lab?
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Lab testing is projected to be one of the most stable segments of the cannabis industry.
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Analytical Lab testing is the only cannabis model NOT subject to IRS tax code 280E (not unfairly taxed like other cannabis businesses).
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As of August 2022 the State of Massachusetts recreational cannabis industry has generated $3.45 billion in about 3 years.
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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.
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The Lab is a minority-owned business in the Cannabis Analytical Lab space.
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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
