The Cannabis Market in New Jersey and Nevada

The New Jersey cannabis market has undergone a transformative shift in recent years, propelled by the legalization of recreational marijuana in 2020. This legislative change has catalyzed a burgeoning industry characterized by innovation and growth. With a population of nearly 9 million residents, New Jersey presents a significant market opportunity for cannabis entrepreneurs and investors alike. The state’s regulatory framework, although evolving, has provided a structured platform for businesses to establish themselves and for consumers to access a diverse range of cannabis products. From dispensaries offering a variety of strains and consumption methods to cultivation facilities producing high-quality cannabis, the market continues to expand, fostering economic development and job creation across the state. Moreover, with neighboring states also considering or implementing similar legalization measures, New Jersey’s cannabis market is positioned to play a pivotal role in shaping the broader landscape of the Northeast cannabis industry. Township Approved locations are extremely important for anyone that is looking to acquire these types of licenses or businesses since there is a scarcity in approved locations. 

Here are two examples of Prime Cannabis Opportunities in New Jersey: 

Approved Annual Class 5 Dispensary Retail License With Option To Purchase Real Estate (New Jersey) #1262

Details: 

• Space: Disclosed After Executed NDA
• PRIME PRIME LOCATION 
• Approvals Acquired 
• Rent: $12k/Month + Utilities 
• Real Estate Value: $4M (Option To Purchase) 

Licenses:

• Class 5 Cannabis Retailer: Purchase recreational use cannabis from licensed cultivators, manufacturers, or wholesalers and sell those items to consumers in a retail store. Dispensary Storefront: Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance.

Asking Price: $5.9M Including Real Estate (Seller Open to Offers)

Annually Licensed Class 5 Cannabis Dispensary Retail Storefront Business (New Jersey, USA) #1230

Details: 

• Overall Space: 5,000 Sq Ft (Retail Space: 3,000 Sq Ft Office Space 2,000 Sq Ft)
• Rent: TBD
• Ceiling Height: 8-20 FT 
• Possible Upper Floor For Consumption Lounge
• Parking Spaces: 12
• Town Lot One Block Over with 200 Parking Spots
• High Income Surrounding Areas
• Class 5 Dispensary License
• CRC License Local Approval
• STATE ANNUAL LICENSE
• On a Commuter Trail, Located One Block From a Train Station
• Seller Also Open To Selling the Underlying Real Estate (Approx $900K) 

Licenses:

• Dispensary Storefront: Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance.

Asking Price: $4,999,000.00 (Seller Open to Offers)

The Nevada Cannabis Market has brought a large influx of interest in licensed Cultivation, Distribution and Manufacturing of Cannabis products. Multi State operators are in search of Large Scale cultivation opportunities in order to avoid the lengthy licensing process in Nevada, especially locations where the Real Estate is able to be acquired. By securing Turnkey large scale facilities, operators are able to cut down on the timeline in order to become operational. 

Here is an example of a large scale cannabis Cultivation Opportunity in Nevada that includes Real Estate:  

High Production Facility 120k SqFt Turn Key Operational Cultivation & Processing Business For Sale (Washoe County, Nevada) #1258

Details:

• Lot Size: 4.2 Acres
• Total Building Size: 120,000 sqft
• Space Being Operated: 35,000 sqft Cultivation & 5,000 sqft Production
• Rent: $32,000.00/Month (CAM included)
• Lease Terms: 5 Years (Landlord Open to Long-Term Lease)
• Power: 4000 Amps 480 V
• Warehouse Ceiling Height: 24′
• Flower Rooms Ceiling Height: 12′
• Flower Room: 1000 Watt HPS
• Veg Room: LED lights
• Parking Spaces: 30
• Employees: 16
• Inventory Amount Included: $2.2 Million
• Option to Purchase Real Estate: $16 Million

The following licenses in place provide a comprehensive foundation for a thriving cannabis business:

• Adult Use Cultivation
• Medical Cultivation*
• Medical Production*
• Distribution

(*) Nevada Cannabis Compliance Board is in the process of combining medical and adult-use licenses under a single adult-use license. Buyer to verify all necessary, proposed, and/or revised regulatory information with Nevada Cannabis Compliance Regulations (NCCR).

Asking Price: $9.4M (Seller Open to Offers, w/ $5M Down)

To view more opportunities visit greenlifebusiness.com. For more information call or text Gordon Sattro at 858-220-2185 or email at sales@glbgroupinc.com