Cannabis Cultivation, Manufacturing, and Retail Dispensary Business for Sale in Coventry, Rhode Island

Fully Operational & Turnkey Cannabis Tier 2 Hydroponic Cultivation, Manufacturing & Retail Business with Expert Mentorship Business & Real Estate Included For Sale (Coventry, RI) #1837

An exceptional opportunity awaits in Coventry, Rhode Island for aspiring or established cannabis entrepreneurs. This fully operational Tier 2 hydroponic cultivation and manufacturing facility, paired with an adult-use retail dispensary. Is being offered as a comprehensive, plug-and-play acquisition with both owner and private lender financing options available. To support a seamless transition, the current owner (a master grower) will provide direct mentoring, sharing exclusive hydroponic cultivation techniques, operational insights, and deep knowledge of Rhode Island’s cannabis market dynamics.

Established in 2022, the hydroponic facility boasts $850,000 in 2024 gross revenue, with $500,000 in capital investment already made into high-efficiency systems and infrastructure. The adjacent retail dispensary, also founded in 2022, recorded $450,000 in gross revenue in 2023 and utilizes Flowhub Maui for point-of-sale operations. Both properties are fully owned and included in the sale, totaling a combined real estate value of $2,100,000. Inventory is managed via Flourish, and the team includes 8 experienced employees across both operations. As a bonus, the deal includes an 18.94-acre adjacent land parcel, ideal for future expansion with a current value of $50,000.

Rhode Island’s adult-use cannabis market is on the rise, with Coventry strategically positioned as a growth-friendly locale. Its blend of rural space, growing consumer demand, and limited market saturation makes it ideal for both cultivation scale-up and retail customer acquisition. With no encumbrances, licenses in good standing, and mentorship built in, this opportunity is tailor-made for someone ready to capitalize on the booming Northeast cannabis sector. Serious inquiries only.

Tier 2 Hydroponic Cultivation/Manufacturing Revenue’s:

2024: $850K

Adult Use Retail Dispensary Revenue’s:

2023: $450K

Tier 2 Hydroponic Cultivation/Manufacturing Details:

Established in 2022

RE Value: $1.5M

Capital Invested: $500K

Employees: 6

Inventory System: Flourish

Veg Room: 1

Adult Use Retail Dispensary Details:

Established in 2022

RE Value: $550K

Employees: 2

POS System: Flowhub Maui

Adjacent Land Parcel for Future Development:

Lot Size: 18.94 Acres

Total Building Space: 7,500 Sq Ft

Greenhouse Canopy Space: 1,250 Sq Ft

RE Value: $50K

Active Maine Adult-Use Cannabis Licenses:

Tier 2 Cultivation License: Purchase marijuana plants and seeds from other cultivation facilities; to cultivate, prepare and package adult-use marijuana; to sell adult-use marijuana to products manufacturing facilities, to marijuana stores, and to other cultivation facilities; and to sell marijuana plants and seeds to other cultivation facilities and immature marijuana plants and seedlings to marijuana stores.

Products Manufacturing License: Purchase adult-use marijuana from a cultivation facility or another products manufacturing facility; to manufacture, label and package adult-use marijuana and adult-use marijuana products; and to sell adult-use marijuana and adult-use marijuana products to marijuana stores and to other products manufacturing facilities.

Adult Use Retail Store: Purchase adult use marijuana, pre-packaged retail units of marijuana flower and marijuana trim, immature marijuana plants and seedlings from a licensed cultivation facility; Purchase packaged adult use marijuana and adult use marijuana products from a products manufacturing facility; Sell consumable products not containing marijuana, including, but not limited to: soft drinks, candies and baked goods.

According to data from Maine’s Office of Cannabis Policy, nearly $243,916,000 worth of cannabis products were sold at adult use retail facilities in 2024. That’s compared to nearly $216,900,000 in 2023, $158,900,000 in 2022, and $82,000,000 in 2021.

Asking Price: $2,600,000.00 (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

Tom Milks, DRE CA LIC# 02064305

If you have any questions Call Tom (619) 972-5952

Email: tom@glbgroupinc.com

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

National Affiliate Listings

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