This is an operational & turnkey vertical business opportunity that includes two parcels of real estate in Oklahoma. The business holds (2) Retail Storefront Licenses, a Cultivation, Processing, and Transportation license as well as an on site testing lab! One of the retail storefronts are turnkey plug and play opportunities located in a strip mall with plenty of parking on site in Lawton, Oklahoma. The second Storefront for the dispensary is a property with an additional suite next door (3,000sq ft, ADA compliant). One of the shops has a processing license for edibles and a climate controlled room. The cultivation is located in Duncan, Oklahoma. The Duncan farm is over 40 acres and there is an outdoor cultivation irrigation setup for 4k plants, it also includes a greenhouse, steel building with concrete and insulation that is ready to be built out for processing or an indoor grow. All licenses are current and compliant, inspections and fire & safety good to go. All assets are included including cultivation equipment (lights, pots, extra irrigation, filters, etc.) and processing equipment (1,600 lb a day BHO setup, short path distillation, 6” Pope wiped film, winterizing Equipment, etc).
In May 2022, Oklahoma Gov. Kevin Stitt signed into law a pause on medical cannabis licensing in the state. The new law implements a two-year moratorium on medical cannabis licensing, prohibiting regulators from issuing new cultivation, processing and retail licenses from August 2022 to August 2024.
Retail Storefront – Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, cannabis and cannabis products as part of a retail sale.
Non-Storefront Retail Delivery – Off-Premises Sales, Direct-To-Consumer.
Cultivation – A medical marijuana grower license allows a business to legally grow marijuana for medical purposes in Oklahoma. Licensed growers can only sell to licensed processors, dispensaries and other growers.
Processing – A medical marijuana processor license allows a business to legally process marijuana for medical purposes in Oklahoma. Licensed processors can sell to licensed dispensaries and other licensed processors.
Transporter License – allows the licensee, through its licensed transporter agents, to transport their own medical marijuana and medical marijuana products to another licensed business.
Looking for Funding?
Whether it’s for a fast growth situation, a turnaround in a rising industry we can connect you with lenders. If you are looking for acquisitions, purchases and expansion these lenders could fund against a company’s revenues, accounts receivable, licenses, inventory, and real estate. By focusing on assets, instead of balance sheets and projections, the lenders could fund opportunities that banks can not. Please notify the listing agent mentioned below if you want to hear more information about this.
Asking Price: $2,100,000.00 (Seller Open to Offers)
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Shannon Wells, DRE OK Broker Lic. # 203847
Tom Milks, DRE LIC CA# 02064305
If you have any questions Call Tom at (619) 972-5952
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