15+ farmland acres + renovated 1890 farmhouse + a startup cannabis business, in excellent, historic rural/country Maryland location. Beautiful and picturesque, adorable small town, Land is in a preservation zone, but there are ways besides subdivision to make money on land. Resell value for farmhouse and yields from cannabis business will be ridiculous after project is complete.
Our plan is to turn one of the buildings into a cannabis micro growing facility. It already has electric, heating and plumbing, almost 9,000 sq. ft. We are familiar with the process. There is a shortage of product and limited certified growers in the state, so the demand for product at dispensaries and processors is very high. Maryland is also considering making psilocybin legal (next few years likely). Great idea to get in on the ground floor in that market, meeting with officials. I’m a very hands on entrepreneur, own a small prime government contracting business. Also, we plan to make the farmhouse and growing building/s nearly net zero, which will lower cost of utilities to zero. It will also significantly raise the resale amount. Selling the renovated farmhouse and 5 acres could easily go for 900K in that area. The money is spent in the initial investment of renovations, which also include tax incentives, grants and other incentives.
Project can be completed in 6 months.
TOTAL INVESMENT: $2 million