Unique opportunity to acquire a Cultivation and Distribution locally approved facility. This cannabis campus is located in the beautiful San Diego County, making it California’s 2nd most populous county and the 5th-most populous in the United States! Currently the business is not operational, the new owner would have to continue the licensing and build out phase in order to become operational. This is a perfect opportunity for someone who is looking to expand operations and target major markets to establish a larger footprint or someone who is looking to enter the industry.
California recently announced the “Provisional Deadline” (MJBizDaily Article), or temporary license, program will sunset June 30, 2022 with the first deadline being March, 31st, 2022. This means that in order to operate legally you must go through the arduous and lengthy time consuming process of obtaining a full “Annual” license or the only other option would be to acquire an already existing licensed business.
Cannabis Business Tax: Effective May 1, 2022, the Cannabis Tax rate for Cannabis Production Facilities (Cultivation, Manufacturing, Distribution, Storage) is 2 percent of monthly gross receipts. Each business is required to remit monthly the full amount of taxes owed based on previous month activity.
Asking Price: $499,000.00
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Tom Milks, DRE CA LIC# 02064305
Jeff Taylor, DRE CA LIC# 02121244
If you have any questions call Tom (619) 972-5952 or Jeff (619) 218-6575
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.