New Jersey Floating Class 5 Cannabis Dispensary License for Sale | Scotch Plains, NJ

This is an exceptional and rare opportunity to acquire a fully approved Cannabis Class 5 Dispensary License in New Jersey for $250,000. This license offers valuable flexibility, allowing the buyer to relocate to an approved municipality of their choice or assume the existing lease at the current location. This is a significant advantage, providing the new owner with the flexibility to select the best possible location for a profitable retail operation. The license comes with all necessary local approvals and is ready for transfer, allowing the new owner to move quickly and start building their retail presence in a state with high market demand.

The New Jersey cannabis market is one of the most promising in the nation, with sales surpassing $1 billion in 2024 and continuing to grow in 2025. While the market is maturing, it still has significant upside due to the high population density and ongoing regulatory changes. The state’s efforts to curb the illicit market and the increasing number of licensed retailers are driving sales and attracting more consumers to the legal market. This is a prime time to enter the market with a “floating” license, giving you the power to choose a location with a strong consumer base and minimal competition.

Details:

Asking Price: $250,000 (Seller is Open to Offers)

Space: 1,600 Sq Ft (1 Location Pre-Approved)

Rent & Lease: TBD with the Landlord (Negotiable)

License: New Jersey Annual Class 5 Dispensary License (Social Equity)

Approvals: Fully Entitled with all Necessary Local Approvals for a Retail Storefront

Flexibility: The License is Floating and can be Moved to an Approved Location of the New Buyer’s Choice.

License:

Township Approvals Retail Storefront: Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.

Asking Price: $250,000.00 (Seller Open To Offers)

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

Gordon Sattro, DRE CA LIC #02136011

If you have any question Call David Hargett (951)375-1479 & Gordon Sattro (858) 220- 2185

Email: greenlifesalespr@gmail.com & gordon@glbgroupinc.com

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

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All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by Local Broker via the Green Life Business Group® National Affiliate Program.