We are a Southern California Medical Marijuana Holding Company. We are creating a chain of Marijuana dispensaries, cultivation facilities and CO2 extraction facilities to produce extracts and branded vaporizer pens.
We will roll out this strategy through a two-prong approach of acquisition of existing licensed operations in cities such as Los Angeles as well as acquiring new licenses in emerging new markets such as San Diego, Santa Ana and Long Beach California.
Mining for New Licenses and Conditional Use Permits
We use our specialized expertise, political contacts, legal knowledge, land use expertise and experience with local ordinances, which allows us to develop new marijuana dispensary licenses in cities with municipal ordinances that allow for medical marijuana businesses. We also are active in working with cities to establish new ordinances and passing ballot initiatives to open up new markets in cities in Southern California where there is opportunity to open up new markets to regulated marijuana dispensaries.
There is great opportunity particularly in Southern California as more municipalities enact local ordinances regulating medical marijuana and allowing for dispensaries and other facilities that will likely be grandfathered into a statewide scheme when California passes fully legal adult use marijuana in 2016.
We are actively engaged in mining for new marijuana licenses in Southern California. We are also creating a portfolio of marijuana related businesses including dispensaries, cultivation, and production including producing CO2 extracts and vape pen products.
CalCann Facilities by Mid 2015
Based on our present deals in progress by the middle of 2015, we will operate 5 dispensaries as well as cultivation facilities and a branded CO2 extraction facility in the following communities:
Key: D = Dispensary C = Cultivation E = Extraction
- San Diego (D,C,E)
- Santa Ana (D )
- Long Beach (D,C)
- Los Angeles (D,C,E )
Real Estate Acquisition funding—We actively seek properties that comply with municipal medical marijuana ordinances and fund the acquisition of said properties for both our own operations as well as joint ventures with other operators who are seeking to enter new markets.
It can be difficult for existing dispensary owners who seek to expand to new markets to obtain real estate as well as to keep track of the ever-changing landscape and sensitive land use conditions and zoning requirements in new municipalities that are opening up to medical marijuana in Southern California. Furthermore, many landlords will not lease to marijuana related facilities.
CalCann Holdings has access to significant capital and can finance the acquisition of real estate related to Marijuana businesses in California. We stay abreast of developments in all municipalities in Southern California and we source properties well before ordinances are passed to ensure that we have ample real estate to meet our expansion needs. Often we source additional locations that we can make available to operators who wish to enter joint ventures with us.