NYS Certified Cannabis Laboratory – Well Regarded

Price: $3,000,000

Annual Revenue: $1,275,000

Net Cash Flow: $600,000

Industry: Services

Location: Greater NYC Area, New York

Longest continuously operating cannabis lab in New York with quickest turnaround time for medical and adult use producers. The company prides itself on delivering accurate test results efficiently and promptly. Its adherence to rigorous quality control standards provides customers assurance of the validity of testing.

The business is poised for exponential growth due to Medical Registered Organizations now being able to produce adult-use marijuana products, the planned increase in dispensaries, and the company’s plan to increase capacity by 300% conservatively by adding 2 shifts and operating 24 hours daily. Indeed, the company’s stability and resiliency are reflected in its unwavering 2023 fiscal performance despite being shut for 30% of the year due to regulatory changes.

Increased consumer demand and legislation favoring additional use and application of cannabis provide new owners with many scaling opportunities. A full complement of scientific staff, a well-appointed office, and updated technology complete this outstanding offering.