Phoenix metropolitan area dispensary, edibles, extractions and more BOGO

CannaMLS ID: 1601
Save Listing

Price: $15,500,000


Listing Details


Listing Category
Cultivation
Manufacturing
Distribution
Dispensary
Home Delivery
Other

Medical
YES


Price: $15,500,000

Listing Status: For Sale


Listing Details

Listing Status
For Sale

Location
Phoenix metro, Arizona 85351

Date Listed For Sale:
8/3/2019

Date Last Updated:
5/1/2020

Property Details

Built out / Turnkey
YES

Room for Expansion
YES

Pricing Details

Listing Price
$15,500,000

Lease Terms:

This is a fully licensed dispensary in a busy, affluent area of metro Phoenix area.  It is close to a very successful, large mall, as well as residential. Arizona only has 140 licenses and they have been given out. It is a vertically integrated industry. All products must be grown and made in Arizona. We grow and have two successful lines of edibles and concentrates. This is a well-established dispensary and well known for its award winning customer services, quality and fair prices. Top gross sales have never been our goal. There is plenty of room for improvement in that respect.

Arizona is likely to pass an adult use/recreational marijuana package of laws in November, 2020. This bill is a voter initiative which is almost impossible to modify after passage. It will provide that existing license holders will receive a second license and a few other licenses will be issued in Counties that only have two or fewer open dispensaries, rural areas. This is why it is a BOGO- 2 for 1. This is a perfect opportunity for a national or regional player to get into Arizona; and with an excellent location which is movable because the business has been open for over 3 years. Owner will consider taking some stock. 


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