Posted on January 16, 2023 / 252Listing ID: 515169APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $1,650,000
Size : 1500
Lot Size (Acres) : 10
Power (AMPS) : 750
Cannabis or Hemp Use Allowed? : Cannabis, Cannabis and/or Hemp
Current Cannabis Business License? : Yes
License Type : Medical
City Tax Rate : 8.625
Utilities : Water, Electricity, Trash
Sale Type : Cash, Financing
Company Name : Insightful Tax & Advisory Services
Phone : 405-590-3823

This turnkey, vertically integrated operation has a profitable track record and is comprised of multiple LLC entities for maximum income tax efficiency.  Holding 3 Legacy OMMA licenses (Dispensary, Cultivation, Processing), this enterprise has created enough cash flow to fund itself since its inception in 2018.  This set of businesses and real estate are poised to capitalize on potential recreational legalization in Oklahoma, with a public vote coming on 03/07/2023.

The retail Dispensary location has a nice blend of residential homes and other commercial businesses in the area, without an oversaturation of other dispensaries.  Dispensary sales and gross margins have remained relatively steady as Oklahoma has settled into its current Cannabis economy and climate.  Transaction volume has remained high while the underlying consumer prices have continued to fall. 

The lease space is approximately 1500 square feet, split roughly in half with a second business, selling CBD products, some other merchandise, basic gardening supplies, and fertilizers.   This separate LLC is part of the enterprise and is fully separate from the dispensary space and its storage areas while providing some cost-splitting and allocation opportunities with the dispensary.    The storefronts are in Oklahoma City, zip code 73179, the production and cultivation property is roughly 20 miles to the West.   

The cultivation and processing portions of the operation sit on 10 acres of owned real estate within 40 minutes of downtown Oklahoma City.  This turnkey cultivation operation has Two (2) 24’x 100’ foot greenhouses, also a 3rd greenhouse that is 32’ x 96’.  Additionally, there is a fully irrigated 4-acre outdoor plot, and a 50’ x 100’ Steel Weld Building on the property. 

There are too many property improvements to list, we have a full list of equipment and improvements, as well as inventory on hand for any prospective Buyers to review.  Also located on the 10-acre property is a solventless hash rosin processing facility.  It is fully equipped for mid-scale ice water extractions, yielding a finished product of highly desirable solventless hash rosin. 

The Sellers have also been the Operators of this business since inception and are intimately familiar with all daily processes.  The Sellers are willing to negotiate a transition period and can fully demonstrate and advise you through the complete operations of this enterprise.   The business is in good standing with OMMA and all tax authorities and 3 years of tax returns and financials can be provided to any prospective Buyers.  2022 financials will be available for Prospective Buyers no later than 02/01/2023. 

Coming Soon: Cannabis Escrow & Title
Contact Listing Owner
Cannabis & Hemp Banking
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