Marijuana Dispensary Business for sale in Red Lodge, MT 59068

Discover a rare chance to own a fully licensed, turnkey cannabis operation in one of Montana’s most picturesque and tightly held communities with the grow located just outside the vibrant town of Red Lodge—the official gateway to Yellowstone National Park—this property blends natural beauty, business potential, and long-term value in one exceptional package.

As one of only two dispensaries allowed within Red Lodge city limits, this grandfathered-in retail location offers a level of exclusivity that’s nearly impossible to replicate. The area enjoys high foot traffic during the summer tourism season and remains active in winter thanks to Red Lodge’s thriving ski hills and outdoor recreation. 5k plus daily traffic count for the store front!

Included in this offering is a fully owned Tier 2 cultivation facility with approximately 3,500 sq ft of grow space, along with recreational, medical, and MIPP licenses. The dispensary operates under a long-term lease with the option to purchase the real estate, giving flexibility to both investors and operators looking for lasting roots in the market.

A charming, historic 1,400 sq ft home, built over 100 years ago and set against the backdrop of stunning mountain views is included. This house sits on the same parcel as the cultivation facility and offers a unique opportunity to be used as an office, headquarters, employee housing, or live/work setup—a rare and valuable addition to a commercial cannabis offering.

All infrastructure, licensing, and operational systems are in place, making this a truly turnkey business with upside potential in one of Montana’s most desirable destinations.

Listed @ $3.2m (additional cost to purchase the dispensary real estate outright)

NDA AND POF REQUIRED. PACKAGE BEING SOLD TOGETHER. NO OWNER FINANCING. FINANCING AVAILABLE THROUGH OUR PREFERRED COMMERCIAL LENDER.

Listed by Sara Hape of Western Skies Real Estate and Erica Siate of eXp Commercial.