Louisiana

$299,000

Louisiana Online Retail CBD Company; Inventory Included

Lafayette County, LA

Established: 2019

Business Description

This completely online company has an established brand that markets health and wellness products containing only CBD (no THC), through its website and two dozen pharmacy and retail outlets in Louisiana. There is a fully developed front end business with a complete website/shopping cart in place. As a direct sales company, with a third-party fulfillment center handling logistics, the new owner can focus on expanding the sales team and marketing efforts nationally. Included in the assets being sold is approximately $650,000 of inventory valued at retail. The Company has grossed over $120,000 during 2020. In Louisiana, to sell hemp-derived CBD products, a retailer must first be licensed by the Louisiana Office of Alcohol and Tobacco Control (ATC). The Company is licensed by the ATC to sell all its products. Due to the ATC licensing requirements imposed in 2019, there are now fewer retail businesses selling CBD products in Louisiana; and application processing times have increased. The CBD market is projected to reach up to $20 billion by 2024 according to well-known financial publications, although there are thousands of CBD companies, with hundreds of new companies each month. Owner willing to take a short-term, credit worthy note for part but not most of the purchase. Has national trademark for the business name. NDA and POF required.

Detailed Information

  • Location:

    Lafayette County, LA

  • Facilities:

    Fulfillment center is provided by a third party logistics company in Utah. No facilities.

  • Support & Training:

    Owner willing to train Buyer for a transition period.

  • Reason for Selling:

    Seller needs to focus on other operating businesses.

  • Contact:

    Clint Sheer – clint@cannabis-brokers.com
    (518) 321-3708

Cannabis Business Brokers currently has a number of private, off-market listings (pocket listings) listings through our licensed affiliations.

  • Pocket listing sold:  Phase 1 City of Los Angeles Dispensary.

Contact Karen Muller at 949-280-3092 or at karen@cannabis-brokers.com for additional information.