Palm Springs Cannabis Consumption Lounge for Sale

Posted May 27, 2025 in Cannabis Business Opportunities

Palm Springs Cannabis Dispensary & Consumption Lounge for Sale 

  • Location: Palm Springs, California
  • Asking Price: Call for Offers
  • Monthly Rent: $20,000/Month

Description: This 17,600-square-foot dispensary and cannabis consumption lounge for sale in Palm Springs, California features over $2 million in recent upgrades by the current owner. The property includes VIP suites and a custom building-wide filtration system.

The consumption lounge license permits both public and private events, and the venue currently hosts concerts, open mic nights, and “puff n’ paint” events.

The property was recently appraised at $8.9 million, and the seller is including the real estate for $4.75 million.

License Features:

  • Space: 17,600 square feet
  • Rent: $20,000/Month
  • Custom filtration throughout building
  • Sky Suites available for private events
  • Option to purchase real estate – $4.75M
  • Gross Revenues:
    • 2022: $2.3M
    • 2023: $2.4M
    • 2024: $3.11M

Included Licenses:

How Wicker Law Group Can Assist You: As your trusted legal partner, Wicker Law Group offers comprehensive services, including:

  • Drafting and negotiating purchase agreements
  • Providing guidance to achieve compliance with California cannabis regulations
  • Facilitating entity formation and corporate bylaws or operating agreements
  • Navigating cannabis licensing requirements
  • Conducting due diligence
  • Managing escrow requirements

Please note that listings can be sold or withdrawn at any time. To get more details, a non-disclosure agreement (NDA) and proof of financials are required. Contact Wicker Law Group to explore this cannabis business opportunity and receive expert legal guidance throughout the acquisition process.

Are you looking to invest in the cannabis industry? Wicker Law Group offers expert legal representation for purchasing licensed cannabis businesses in California. Our extensive network and industry knowledge connect buyers with premium cannabis business opportunities. (1731)