Las Vegas Cannabis Dispensary License & Consumption Lounge for Sale in Nevada - Court-Supervised Receivership

Opportunity to acquire a City of Las Vegas retail dispensary license and a provisional cannabis consumption lounge license through a court-supervised receivership sale. The retail license is currently sited in the City of Las Vegas and is in good standing with the Nevada Cannabis Compliance Board.

A buyer may seek to relocate the retail license to another compliant location within the City of Las Vegas, subject to CCB and City approvals. This gives a buyer the opportunity to evaluate a location suited to its plans rather than rely on the current site. The associated building, approximately 3,800 sq ft pending owner confirmation, is available as a separate, optional purchase for $1,800,000.

The provisional lounge license offers the potential to develop an on-site consumption venue, subject to final licensing, site, and build-out approvals. Buyers should confirm the requirements for both licenses and any proposed location during due diligence.

The sale includes the licenses and related assets and equipment, including FF&E at the current location, trade names, SOPs, and Metrc data. Assets are sold AS IS, WHERE IS.

Opportunity Details

Location: City of Las Vegas, Nevada

Building: Approximately 3,800 sq ft; size pending owner confirmation

Licenses: Retail dispensary license in good standing and provisional consumption lounge license

Relocation: A change of location within the City of Las Vegas may be sought, subject to CCB and City approvals

Real estate: Optional purchase for $1,800,000, separate from the license bid

Consideration: All cash; no seller financing

Reason for sale: Court-appointed receivership

Licenses

Retail Dispensary: Authorizes retail sale of cannabis and cannabis products at licensed premises, subject to Nevada Cannabis Compliance Board and City of Las Vegas requirements.

Provisional Consumption Lounge: Offers a path to an on-site adult consumption venue, subject to final licensing and all applicable site and build-out approvals.

Amended Auction Dates Subject to Court Approval

Bid deadline: Tuesday, October 13, 2026, at 5:00 p.m. Pacific Time. To participate, bidders must register and prequalify on Cobra and submit a completed Bid Form and applicable refundable good faith deposit(s) by this deadline.

Qualified bidders notified: By Friday, October 16, 2026.

Virtual auction: Tuesday, October 20, 2026, from 8:00 a.m. to 3:00 p.m. Pacific Time, conducted by United AMS via Cobra.

Successful bidder deadline: Tuesday, November 3, 2026, at 4:00 p.m. Pacific Time, within ten business days of the auction’s close.

Receiver’s motion to approve the sale and backup bid(s): To be filed no later than Thursday, November 5, 2026.

Sale approval hearing: To be rescheduled by the Court from October 29 to a date between November 9 and November 20, 2026; exact date to be determined.

Amended Successful Bidder Terms Subject to Court Approval

By 4:00 p.m. Pacific Time on November 3, 2026, the successful bidder must:

Provide a fully executed Asset Purchase Agreement for the cannabis license(s) and related assets in the form provided in the Bidding Procedures; and

Wire sufficient funds to the Designated Account to bring the total paid, including the License Good Faith Deposit, to 15% of the successful bid.

The remaining 85% is due by wire transfer to the Designated Account within two business days of the Nevada Cannabis Compliance Board’s approval of the Transfer of Interest (TOI).

Qualified bidders may continue due diligence through the auction date, including coordinating site visits and requesting Q&A sessions with the Receiver and/or Seller. Due diligence requests can be submitted through the auction platform.

All dates and terms are subject to Court approval. Registrants will be notified of any Court-approved changes.

Asking Price: Auction If you have any questions, Call Drew at (619) 653-0483

Must sign an NDA/Waiver 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

Samuel Baird DRE LIC NV #0146087

Drew Mathews, DRE LIC CA# 02091143

If you have any questions, Call Drew at (619) 653-0483

Email: ceo@glbgroupinc.com

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

National Affiliate Listings

This listing is represented by (Local Broker) via the Green Life Business Group® National Affiliate Program.

Disclaimer: The content of this listing is based solely on information provided by the seller to Green Life Business Group®, Inc. Green Life Business Group®, Inc has not independently verified or confirmed the accuracy, completeness, or reliability of any such information and makes no representation or warranty, express or implied, regarding it. Any party relying on the description or other listing information should conduct its own independent due diligence and verification.