This is a great opportunity to get into the booming Medical Marijuana business as the industry continues to expand exponentially in Oklahoma and nationally. This tastefully designed dispensary has experienced consistently growing sales since opening in January 2019. This well branded Dispensary is well known in the area and a respected business throughout the greater OKC area. This offering gives a new owner an established business that can cater to all aspects of the industry and able to integrate the operation into other faucets of the Medical Marijuana Industry, if so desired. The business is a turn-key cash-flow positive retail dispensary in the growing and compliance driven market. The business has the standard operating procedures, processes and policies necessary to meet the changing needs of the industry. Oklahoma requires a minimum of 2 years Oklahoma residency to own this business.
The dispensary is located near a major highway in OKC metro area and features an 1,000 square foot strip center location with an opportunity to add additional square footage of unoccupied space. The location is leased and the current landlord is OK with negotiating a new lease for a new qualified tenant. The location has a great floor plan, very functional, efficient, in great shape and is up to all commercial codes with ample parking and expansion options. The business enjoys a state of the art security and camera system throughout with a space that has excellent signage and branding.
The medical marijuana business is the fastest growing consumer segment in the U.S. This medical marijuana dispensary business is well-known and established in the industry and markets a wide selection of medical products from the largest brands in Oklahoma. The business enjoys a proven business model which includes operational systems, best practices, depth of resources and business relationships. The market conditions in this location are extremely favorable for Medical Marijuana in the state. This business has many long-standing customers and referral relationships. They maintain very high ratings in both Weedmaps and Google with very positive comments. The Growth potential for the industry according to IBISWorld: The Medical and Recreational Marijuana Stores industry is in the growth stage of its life cycle. Over the 10 years to 2024, its industry value added (IVA), which measures the industry’s contribution to the economy, is expected to grow at an annualized rate of 20.1%. This rate is markedly faster than the 2.1% projected growth for US GDP, indicating the industry will make up a larger share of the economy in the years ahead.
There is some competition but none as professionally operated as this dispensary. This Medical Dispensary facility features top and bottom lines growing rapidly. This medical marijuana dispensary business is well-known and established. For the industry IBISWorld forecasts that revenue will increase at an annualized rate of 13.8% to $25.9 billion over the five years to 2024. In particular, an increase in per capita disposable income is projected to drive demand for industry products. Medicinal products are essential for health and therefore less susceptible to fluctuations in consumer expenditure. Additionally, medical and recreational marijuana stores will likely further expand their offerings of edible marijuana products, which will likely be a major growth segment for industry operators moving forward.
Other business interests. The Seller will train for the new owner for 2 weeks at no cost and an additional 2 weeks of on-call support. The current owner is committed to helping the new owner with a smooth transition.
Will train for 2 weeks @ no cost A buyer must qualify for and receive a license through the Oklahoma Medical Marijuana Authority (OMMA). There will be no issues in the transition as long as the buyer completes all licensing requirements in a timely fashion and follows all regulations.