Business Description
Take advantage of a unique opportunity to acquire a four-location cannabis retail portfolio in Southwest Michigan, strategically positioned near the Indiana and Illinois markets. The portfolio consists of three currently operational dispensaries, one additional fully built-out location preparing to open, and an established 12,000 SF indoor cultivation facility.
The cultivation operation was established in 2018 and currently supplies the portfolio’s retail locations with bulk flower and pre-rolls, providing a vertically integrated business model with greater control over product supply.
The portfolio includes real estate at three of the four retail locations, while the fourth location is leased. The seller reports that the assets are free and clear. All reported sales across the operating locations are up approximately 30% year-over-year.
Portfolio Highlights
- 4 Operational Cannabis Retail Locations
- Operational 12,000 SF Indoor Cultivation Facility
- Approximately 12,000 SF additional cultivation expansion potential
- Real Estate Included at 3 Retail Locations
- Approximately 60 employees across the portfolio
- Established cultivation operation dating back to 2018
- Vertically integrated cultivation and retail operation
- All reported sales up approximately 30% from the prior year
- Southwest Michigan location with proximity to Indiana and Illinois
Cultivation Facility
The portfolio includes an established 12,000 SF indoor cannabis cultivation facility in Southwest Michigan. The facility was constructed in 2018 and was designed to accommodate future expansion.
The cultivation operation currently produces cannabis exclusively for the portfolio’s own retail stores, supplying them with bulk flower and pre-rolls.
Cultivation Details
- Facility Size: 12,000 SF
- Established: 2018
- Plants: Approximately 2,000
- Cultivation Rooms: 8
- Production: Approximately 224 plants every two weeks
- Expansion Potential: Approximately 12,000 additional SF
- Land: Owned
- Original Facility & Land Investment: Approximately $1.3M
- Reported Yield Growth: Approximately 30% higher than the prior year
- Reported Flower Sales: Approximately $1,100–$1,200 per pound
- Supplies portfolio stores with bulk flower and pre-rolls
Dispensary #1 — Berrien County
One of the portfolio’s strongest-performing retail locations, this store has been operating since 2022 and is positioned directly along a major interstate corridor.
The property has undergone a complete remodel, with approximately $400,000 invested in improvements.
- Space: 5,000 SF
- Status: Fully Operational
- Employees: 16
- Operating Since: 2022
- Projected Revenue: Approximately $4.4M
- Real Estate: Owned
- Reported Real Estate Value: Approximately $600,000
- POS System: AgTech
- Drive-Through: Available, subject to applicable regulations
- Potential 24-Hour Operation: Subject to applicable regulations
- Additional Remodel Investment: Approximately $400,000
Dispensary #2 — Van Buren County Michigan
The property includes the real estate, land, and buildout, with approximately $1M invested into the location.
- Space: 3,000 SF
- Status: Fully Operational
- Employees: 15
- 2025 Gross Revenue: Approximately $3M
- 2026 Projected Revenue: Approximately $3.6M
- Real Estate: Owned
- Reported Real Estate Value: Approximately $785,000
- Total Investment: Approximately $1M
- POS System: AgTech
- Drive-Through: Recently approved / expected to be operational by late summer
Dispensary #3 — Van Buren County Michigan
Established retail location operating since December 2018.
- Space: 1,000 SF
- Status: Fully Operational
- Employees: 6
- Operating Since: December 12, 2018
- Gross Revenue: Approximately $1.3M
- POS System: AgTech
- Real Estate: Owned
- Reported Real Estate Value: Approximately $150,000
- Convenient retail location near complementary businesses
Dispensary #4 — Kalamazoo County Michigan
A fully built-out cannabis retail facility located along a busy highway in a prime retail area. The location is being acquired through a lease from the previous operator and is preparing to open.
The previous operator reportedly generated approximately $3.2M in annual sales, based on financial information reviewed by the seller.
- Space: 1,800 SF
- Status: Built Out / Preparing to Open
- Just Opened
- Real Estate: Leased
- Location: Busy highway / prime location
- Previous Operator Revenue: Approximately $3.2M
License Summary
Cannabis retail and cultivation licenses supporting the operation of multiple regulated adult-use cannabis dispensaries and an indoor cultivation facility.
The retail licenses authorize the sale of regulated cannabis products to qualifying customers, while the cultivation license supports commercial cannabis cultivation within the licensed facility. The licenses are subject to applicable Michigan Cannabis Regulatory Agency (CRA) requirements, local regulations, and any required ownership or transfer approvals.
Asking Price: Call For Offers
Must sign an NDA/Waiver 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
Elliot Cardenas, DRE CA LIC# 02138336
If you have any questions Call Elliot (619)-770-2699
Email: elliot@glbgroupinc.com
Green Life Business Group® Inc. we are here to both help you sell or buy a cannabis business.
National Affiliate Listings
All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by a Local Broker via the Green Life Business Group® National Affiliate Program.
Disclaimer: The content of this listing is based solely on information provided by the seller to Green Life Business Group®, Inc. Green Life Business Group®, Inc has not independently verified or confirmed the accuracy, completeness, or reliability of any such information and makes no representation or warranty, express or implied, regarding it. Any party relying on the description or other listing information should conduct its own independent due diligence and verification.
Business Details
- Price Call For Offers
- Business Type Cultivation, Dispensary Retail, Seller Financing Available
- Business Status For Sale
- Location Michigan
