Nearly Built-Out Cultivation and Retail License in Maine

Details

Listing #5083

Asking Price: $395,000

Take this rare opportunity to purchase a pre-operational cultivation facility, that has VERTICAL INTEGRATION capabilities. About 75% of the cultivation construction is completed, and license has a grandfathered approval to also build a retail facility at the same premises! A vertically integrated cannabis facility offers significant advantages by streamlining operations and increasing profitability. By controlling the entire supply chain: you can reduce costs, maintain consistent quality, and adapt to market demands more efficiently. Integration also mitigates risks associated with supply shortages or price fluctuations, providing a competitive edge in the marketplace. Maine, one of the East Coast’s most established cannabis markets, is a proven hub for cannabis demand and continues to thrive. With $166 per capita recreational sales in 2023—among the highest in the U.S.—and a 36% increase in recreational sales to $216.9 million from 2022, Projections for 2024 estimate sales will exceed $240 million. Don’t miss your chance to capitalize on Maine’s thriving cannabis industry.

License Highlights:

• Grandfathered for Vertical Integration
• Nearly Built-Out Cultivation
  • $600,000 Invested To Date
  • Lighting Plan
    • 176 x Flower
    • 24 x Mother
    • 32 x Veg
    • 3 x Clone
  • Estimated Price per Pound: $2,000 – $2,500
    • Cost to Grow One Pound is $300 – $600 per Pound

Location Highlights:

• 412 Hill St, Biddeford, ME
• 13,808 Sf
• 2 Elec Panels:
  • 1k Amps Over 408 Volts
  • 400 Amps Over 208 Volts
• Municipal Airport Adjacent
• Biddeford – An Emerging Hot Spot!
  • College Town: U Of New England
  • 15 Miles S Of Portland
  • 2 Hours From Boston
  • Riverfront Redevelopment
  • Youthful Demographic – 33k Adults (21+) w/in 15 Min
  • Above State Avg Income

Jason Piazza – License# 01405965 – WeCann