Type 6 manufacturing (includes ethanol) and type 11 distribution licenses available
Plus indoor cultivation license (<10k sq ft license)
Manufacturing and distro = 7,200 sq ft warehouse; plans prepped to add a second floor totaling 14,400 sq ft if desired
Cultivation-licensed building is on the same property, it’s a 10,900 sq ft warehouse which could be converted into more distribution if you don’t want to grow.
Buildings have 2,000 amp 3-phase power
Lease at $1.50/sq ft - cheapest cannabis rent in LA!
10-year lease with a friendly landlord
Asking price for licenses is $1.2M
Only $200k down!
$500k when city gives approval to operate in December
$500k when license transfer from state is complete (about 12 months from signing)
Current owner will stay involved until transfer is complete
Why LA? Over 1/3 of CA cannabis retailers are in Los Angeles - plenty of places to sell your product and low cost for distribution! Plus, the tax rates are the best - pay only 2% excise tax when you sell to LA shops!
Need a fast mover to take advantage of this unique opportunity:
Basic buildout must be complete and inspected by DCR by December 31 2019
Does NOT require building and safety permits or inspections so basic buildout requirements are easy to meet.
LA requires the floor plan to match the application plans as well as having a working camera and controlled access systems in place.