Posted on March 1, 2022 / 175Listing ID: 356057APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $2,000,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (619) 433-5773

Great opportunity to acquire a turnkey operational cannabis Retail and Cultivation business in the highly desired city of Portland, Oregon. This is an Oregon-licensed, full-service Cannabis Retail and Cultivation business that is currently operational generating revenue. The owner has both local and state licenses in hand, making this a truly turn-key business opportunity. The retail and cultivation businesses are both being sold as a bundle by the seller. Although the retail shop also purchases products from different farms as well, the retail business aids the cultivation business by selling what is being grown while the cultivation business aids the shop with product. This allows for the businesses to work in harmony and in conjunction with one another adding a greater value for the new owner. The retail business sits on a 5,000 square foot facility that is considered to be a prime location. The cultivation business is located on a 20,000 square foot facility that is fully turn key generating revenue.

This is a great opportunity for someone who is looking to target a major cannabis market in Oregon, a Multi-State Operator looking to expand their footprint in the industry, or someone who is looking to enter the industry.

Cannabis Businesses were labeled as essential businesses in March of 2020, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.

Details (Retail): 

  • State of Oregon OLCC Retail License
  • Prime Location
  • Space: 5,000 sq. ft.
  • Rent: $7,000 per month
  • Employees: 3 Full Time/ 3 Part Time
  • Operational since 2016
  • 2021 Gross Revenues: $1.5M

Details (Grow):

  • State of Oregon OLCC Grow License (Renewable Every Year)
  • Rent: $20,000 Per Month
  • Space: 20,000 sq. ft.
  • Employees: 5 Full Time Employees
  • Operational since 2018
  • 75% of Grow License currently being utilized

Licensing: 

Retail Storefront: A retail license is required to service recreational patients. A dispensary or caregiver license is needed to serve medical patients. It is possible to hold both licenses by paying a “medical bump up” fee to the OLCC. However, the medical and recreational dispensaries must be separate buildings (or suites).

OLCC- Producer License: A producer is also known as the grower by the OLCC.

Asking Price: $2,000,000.00 (Seller Open To Offers)

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

Scott Hite, DRE LIC OR# 201218627

If you have any questions Call Yesenia at (619) 433-5773

Or Email : nationwide@glbgroupinc.com

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