Commerce: 4,500 sf Multi‐License Cannabis Opportunity
- Delivery, Distribution, and Manufacturing Licenses
- State-licenses & City COO are in place
- 4,500 sf building included in the sale
- Turnkey build-out with all permits for operation
- Located in The Heart of Los Angeles
- 10 minutes from LA, 2 minutes from the 710 freeway, & 5 minutes from the I-5 freeway
- Asking Price: $2,950,000 (3 licenses + Real Estate)
1. Type 7 Volatile Manufacturing‐ The use of volatile solvents such as butane and hexane for the creation of cannabis extracts. This solvent type allows for the creation of high‐end and more desirable extract products versus Non‐Volatile such as ‘live‐resins’ and ‘ diamonds’.
2. Type 9 Non‐Storefront Retail (Cannabis Delivery). California recently approved a change to Prop64 which disallows the ban of retail cannabis deliveries by municipalities‐ meaning there is no limit to where cannabis products can be sold‐ a distinct advantage versus a storefront. The largest cannabis advertiser, WeedMaps, also removed 50% of illegal listings in January 2020, paving the way for massive growth in this sector.
3. Type 11 Distribution‐ Repackaging and Resale to licensed entities as well as providing ancillary services such as testing, transportation, and quality control.