Business Description
This is a great opportunity to acquire a company with a fully compliant cannabis Distribution “Annual” license located in the strategic Oakland market in the Bay Area. The landlord is supportive of this distribution business. This a great opportunity for the new owner to start fresh in the City of Oakland, California, which is very friendly towards the licensed cannabis industry. With cannabis on the rise, distribution businesses are of the highest demand in the ever growing California cannabis market.
California’s “Provisional”, or temporary license application deadline was March 31, 2022, and the final deadline for the state to grant Provisional licenses for those applications will be June 30, 2022. If you didn’t submit a license application by March 31, a Provisional license will not be obtainable, which means that in order to operate legally you must go through the arduous and time consuming process of getting a full “Annual” license or acquire a business that already has an existing state Provisional license. But this company already has a full “Annual” license so you can start operating immediately. For more info about Provisional licenses, click here.
Important New Law Change as of July 1st: Governor Gavin Newsom signed new legislation on June 30, 2022, including new laws focused on measures that will bring tax relief to the cannabis industry.
This includes:
– Illegal (unlicensed) cannabis businesses are now liable for all unpaid tax, and allows bad actors to be held personally liable for tax evasion
– Landlords of properties where an illegal (unlicensed) cannabis business is located can be fined up to $10,000 per day
DCC regulations now allow the entire licensed space to be “Limited Access Area”. Every square foot of the space, from floor to ceiling, can be used to store cannabis products, and shelves can be put in the middle of the room in rows.
Details:
- Space: 275 Sq. Ft.
- Rent: Negotiable
- Lease: Negotiable
- Ceiling Height: 8’
- Seller open to offers
- Book of business not included
Included:
- Safe
- Security system
- AC
License:
- Distribution License: Distribution of cannabis products from manufacturers to dispensaries and delivery services
- Distributors can also package flower and produce pre-rolls (joints) and sell to other distributors or retailers.
- Distributors can also transport cannabis goods to and from all cannabis businesses: Manufacturers, Cultivators, Nurseries, Retailers, Distributors, and Microbusinesses
- For example, for transporting your own products or other cannabis company’s products. With the right vision, become the FedEx of cannabis!
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: $$81,864.00 (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.
Green Life Business Group, Inc DRE CA LIC# 02061374
Tom Milks, DRE LIC CA# 02064305
If you have any questions Call Tom at (619) 972-5952
Or Email : tom@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
Business Details
- Price: $81,864
- Business Type: Distribution
- Business Status: Sold
- Location: California
