Fortune Telling February
Heyy Cannabis friend!! Happy February. Hope you have fun plans for a blessed Valentine’s day!! 😉
We feel thankful the holidays are behind us and can start coming out of our hibernation mode ha-ha. It’s been mentioned before, the slowest time of year for our business is between Halloween and the Super Bowl. Well, this year was no different, at least it seems like it. Hopefully you are over your Super Bowl hangover and ready to rumble!! lol.
We are super excited about the launch of a project near and dear to our heart, our beloved website www.TheKushReport.com.
Summer’s passion of having a “Live” listings page was the starting point when we began this endeavor several months ago… She recruited our good friend, Bill in Northern California, to assist us in the process. To which I owe a huge shout out to both Bill & Summer for the tireless effort they both put into this overwhelming project!
What was just a template of a ‘business for sale’ website, has now been transformed into something we are pleased with and still improving daily! We’ve incorporated blogs, articles, videos of Summer and me in “Brokers in Cars” and of course all our Cannabis Businesses available for sale.
We will continue to add to the site and create more informative content and offerings, like our Marketplace. So many sellers have recently asked us what’s the best way to offer equipment for sale. So we will soon be able to offer and feature all things cannabis related such as lights, green houses, tractors, water storage tanks, cabinets, processing equipment, fridges, etc… Give us a shout or email if you have something you are looking to move.
Now a quick overview of the market in our opinion:
Looking at our Crystal Ball and seeing what may come, it appears that Dispensary owners in Oregon are going to be in for a huge awakening this year. Tax laws have changed with huge consequences! We are hearing that if you are late two of the past four quarters on paying your taxes, you could be subject to having your OLCC license pulled. Obviously, check with your financial adviser, tax guy, or attorney for more specific info and potential outcomes.
We counted and have 15 different listings currently available at www.thekushreport.com. We feel our offerings are well priced and attractive for potential buyers. Everything from Retail License Only to a super busy dispensary grossing over $3.2mm last year.
We are coming out of the slowest time of year with some price reductions to mention…
~ Seventy Acre farm in Cave Junction, OR with two houses, several structures for drying and trimming flower, a dozen Conex boxes, both Indoor & outdoor grow, Tier II Mixed Use. Was $1.2mm, now…$650k. Death in the family, no longer fun for owner. Wants out!
~ Retail dispensary in Beaverton, OR with $1.5mm of revenue in 2019, going for $900k.
~ Retail License Only available for $125k.
~ Several retail dispensaries under $500k
If you are looking to BUY a farm, retail, wholesale or processing license or entity and don’t see something on our list, let us know… We are always coming across different offerings. Who knows, we may know of something that could work for ya!
If you are maybe entertaining the idea of SELLING, reach out to us and let us know… We have vetted buyers with CASH ready to make a move and can provide a strong valuation that supports your asking price!
Thank you for being a part of our Journey! We love what we do and feel blessed to work in this space! Feel free to reach out to us via email at team@thekushreport.com or call us 503-607-6911 or schedule a consultation online at https://www.thekushreport.com/contact-us/ .
Stay warm!!
Steve Underwood
The KUSH Report
