Cannabis Manufacturing Business
Off-MarketPayson, UT
Cannabis Manufacturer
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$6,000,000
$2,500,000
41.7%
2022
30+ Days
Customers
Business operates in highly regulated market with only 8 potential customers (retail pharmacy groups) in the state. The business sells most cannabis products except for flower including, vape pens, gummies, and concentrate.
Customer Acquisition
The business has only 8 potential customer groups (retail pharmacy owners), making sales and account management straightforward with minimal customer acquisition costs.
Team
11 total employees, including a GM, a sales and marketing employee who have both been with the business since inception, and a key office manager / HR person.
Owner's Role
Owner manages finance and visits the business once per week but is semi-absentee.
Reason for Selling
The owner is selling to focus on building an artificial intelligence business.
Contracts
No
Real Estate
Lease
When Are You Looking to Sell
ASAP
Licenses Required
Yes
Additional Notes
The business cannot be sold as an asset sale; it must be an equity sale because the license is tied to the entity and ownership change. The state approval process involves a background check on the new buyer to ensure no felonies; approval meetings occur every six weeks. No SBA financing is available due to the cannabis industry.
Business ID: 1504
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