Fully Operational & Successful Cannabis Distribution Business For Sale (Solano County, California) #979

Successful, fully operational cannabis distribution facility. Centrally located in beautiful Benicia, CA (Solano County) right on the water, with SF, Oakland, San Jose, Sacramento, Santa Rosa, Modesto, Stockton all within 1 hour driving distance. This business has a significant advantage in the market due to its prime location in Solano County, which is a hub for cannabis businesses in California. The company has established relationships with top-tier growers and manufacturers, which ensures the consistent quality of its products. 

Benicia, CA carries a 1% Sales Tax Rate. The tax advantages of this business are significant, with California’s tax laws allowing for deductions on business expenses related to cannabis production and distribution. The company has taken advantage of this tax benefit, resulting in a lower tax burden and higher profitability. Being fully operational, this business is an excellent opportunity for a buyer looking to enter the cannabis market or expand their existing operations. With its established customer base and reliable supply chain, the business is primed for growth in the expanding cannabis industry and a perfect acquisition for somebody with a sun grown cultivation facility without a brand, or someone looking to break into the NorCal retail market. 

Don’t miss out on this opportunity to own a successful, fully operational cannabis distribution company in the heart of California’s cannabis market. Assets included in the sale are 31 cameras, motion detectors, panic buttons, glass break monitors plus DVR system setup, 4 storage containers, a safe room, 2 offices, conference room, lobby, 2 offices, 1 roll up door plus large warehouse space, and 2 vans (leased) one w/ refrigeration system installed.

California recently announced the “Provisional”, or temporary license, program will sunset June 30, 2022 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 an already existing state provisional license.

Revenues: 

• 2022- $4.2M 
• 2021- $3.6M 

Details: 

• Space: 3800 SqFt
• Lease: $7295.40/month + $1927.70 CAM/month
• Assigned Parking Spaces: 8 
• Established: 2018
• State License: Provisional
• Adult-Use and Medicinal
• Assets Included: 2 Safes, 31 Cameras, 2 Vans (Both Leased, 1 Refrigerated), (2) 20×10 storage container, (2) 10×10 Storage containers

License Type: 

Type 11 Distributors: Make sure a licensed testing laboratory tests all batches of cannabis goods before they are sold. The distributor arranges for a testing laboratory to take a sample of cannabis, holds the cannabis goods while the laboratory runs the required tests, makes sure the date on the corresponding Certificate of Analysis is less than 12 months old. Distributors can only transport cannabis goods to a retailer for sale if they pass testing. Goods that fail testing are destroyed or sent to a manufacturer for remediation.Before transporting goods to a retailer, type 11 distributors also conduct a quality assurance review to make sure: Required information is on the label, the packaging protects the product from contamination, it’s not a prohibited product, the amount of THC in the product is within the limits

Asking Price: $2.5M (Seller Open to Offers) 

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

Eric Espinoza, DRE LIC CA #02077927

If you have any questions call Eric (858) 245-6324

Email: eespinoza@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.