Property Description
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
