Mystery Cannabis Lounge Location In WeHo Is Up For Sale

Want to own a cannabis consumption lounge in West Hollywood?

Green Life Business Group Inc. is hawking a coveted license and “campus” that offers sales and consumption of cannabis, food and alcohol for a mere $3 million. The location includes a 4,000-square-foot restaurant/bar with a 1,000-square-foot patio, a 3,000-square-foot edibles cafe with cannabis cocktails, and a 3,000-square-foot smoking lounge with its own 1,000-square-foot patio.

Where? That, apparently, is confidential.

Those interested in learning more must sign an NDA/waiver and provide proof of financials before any other detailed information is released. West Hollywood currently has two operating consumption lounges: The Woods and The ArtistTree. Two more are reportedly in progress: PleasureMed and an unnamed lounge across the street.

Lowell Cafe on La Brea — the city’s first consumption lounge, which has been bought, sold, closed and re-opened several times since 2019 — is currently shuttered.

The current owner of the mystery location is prepared to offer guidance throughout the process, from application navigation to ongoing marketing and operational support — including obtaining a liquor license for the property. However, the new owner must continue with the construction and buildout process.West Hollywood is considered a prime location for consumption lounges, thanks to its limited licensed market, high foot traffic due to its status as a tourist destination and entertainment hub, and the rapidly growing cannabis industry.

The opportunity comes with a 10-year lease agreement for the new buyer, and the location has been approved for Cannabis Zoning.

Green Life Business Group, Inc. is managing the sale, and those interested can reach out to Eric Espinoza at (858) 245-6324 or broker@glbgroupinc.com.

2023 August 17th. Mystery cannabis lounge location in WeHo is up for sale. WEHOonline.

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