RLD Licensed Cannabis Cultivation Business Includes Property/Water Rights (Otero County, New Mexico)

CannaMLS ID: 8302
Save Listing

Price: $2,800,000

Listing Details

Listing Category

License Status
Municipal / local license granted
State / annual license granted

Price: $2,800,000

Listing Status: For Sale

Incredible opportunity to acquire a Fully Licensed Cannabis Cultivation business that includes the real estate that also has water rights! New Mexico law requires all Cannabis Cultivation applicants to demonstrate the legal right to a commercial water supply, a valid water rights or another supply of water. The 9-acre property  has up to 41.9 acre foot of Irrigation water rights and 6 acre foot of Domestic water rights. There are also 360 mature and producing pistachio trees that yield around $3k in yearly profits. The property consists of multiple fields and open space with many opportunities to expand. There are Three in-service power poles to expand power sources if needed and Two wells. One well services the 360 pistachio trees and the house. The second well on property needs repairs to be operational. 


Multiple buildings on property include a barn and two shops with power. With minor renovations the barn has potential for excellent indoor grow, drying facility or manufacturing area. The larger shop building has potential for an indoor grow. The smaller shop building

will need repair but would make for an excellent nursery. There are also built in animal pens, goat kidding pens and a tack room. Has potential to be rented out or removed to allow for extra grow space.


The home on the property is a 2,240 sq ft home that has 3 BD/2 BA with an oversized laundry room, office, and den. Owner suite with oversized bath and walk-in closet. Metal roof. Large, fenced front and back yards, backyard has irrigation system around the fence perimeter and in the garden beds. A new septic system was installed in 2021. Two evaporative coolers are the main source of cooling in the house. Wood stove is the main source of heating. Ductwork is run if you want to switch to a central cooling and heating system. All appliances will be included in the sale.


The additional leveled fields on the property could be used for container growing once a fence and security systems are installed around them.



  • License: RLD State Cannabis Cultivation
  • Property included
  • 41.9 Acre Feet of Irrigation water rights 
  • 6 Acre Feet of Domestic water rights (3 Acre Feet are non-operational)
  • Cultivation shops metered through Otero County Electric Co-Op


Property Details:

  • Lot: ~9 acres
  • (1) 30x50 Shop
  • (1) 24x24 Shop
  • (1) 60x40 Barn
  • (1) 2200 Sq Ft 3BD/2 BA Home
  • (2) Wells on site
  • 360 Pistachio Trees



Adult-Use Producer License: Allows for cultivation of cannabis plants; has unprocessed cannabis products tested by a cannabis testing laboratory; transports unprocessed cannabis products only to other cannabis establishments; or sells cannabis products wholesale


Asking Price: $2,800,000.00 

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc. 

Green Life Business Group, Inc DRE CA LIC# 02061374 

Michael Greene, DRE LIC NM# 8553

Yesenia Jimenez, DRE LIC CA# 02073168 

If you have any questions Call Yesenia (858) 633-3013

Email: asm@glbgroupinc.com 

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.

Listing Details

Listing Status
For Sale

Otero County, New Mexico 79938

Date Listed For Sale:

Date Last Updated:

Property Details

Pricing Details

Listing Price





Hit the "Contact Listing" button on the top right of the page to send a message to the seller.

(CannaMLS.com does not make seller contact information public to prevent SPAM and abuse.)


To report a problem with this listing contact: admin@cannaMLS.com




*CannaMLS is an independent listing service and does not offer legal, tax or regulatory advice. CannaMLS is not a real estate brokerage and is not advertising any properties for sale in any market. All listings that advertise real estate are posted by third parties who are responsible for compliance with all real estate regulations. CannaMLS does not guarantee the authenticity or value of any listings, assets, buyers, sellers and/or brokers on the company’s website. By listing or interacting on CannaMLS.com you agree to indemnify and hold harmless CMLS Technologies LLC, and its owners, employees, agents, and affiliated companies from any civil or legal claims that may arise as a result of you transacting with users or assets on the site.