$1.7M with dispensary business with lease only. Take advantage now of a rare opportunity to acquire a fully licensed and operational cannabis business in the scenic and high-demand market of Red Lodge, Montana—the official gateway to Yellowstone National Park. This offering includes both a downtown dispensary and a separately located cultivation facility, creating a streamlined, turnkey solution for operators looking to expand or enter the Montana market.
The dispensary is located in the heart of downtown Red Lodge and is grandfathered in as one of only two allowed within city limits. It operates under a long-term lease, with the option to purchase the real estate, and benefits from strong foot traffic from locals and robust seasonal tourism—driven by summer visitors to Yellowstone and a busy winter ski season. The location is fully compliant and holds recreational, medical, and MIPP licenses, making it a prime opportunity in one of Montana’s most tightly-held retail zones.
The cultivation facility, located just north of town on a 1.7-acre parcel, is a fully licensed and grandfathered Tier 2 grow operation. The property includes approximately 3,500 sq ft of production space, plus multiple outbuildings that offer space for storage or future expansion. Also on the property is a quaint 3 bedroom, 1.5 bath, two-story home totaling approximately 1,400 sq ft. that has been updated with modern amenities. Boasting unobstructed, panoramic views of Red Lodge Mountain and Mount Maurice, the home adds unique value as potential owner or employee housing, an owner’s retreat, or an on-site office. With no HOA or covenants, the property offers flexibility and room to grow.
Together, these two strategically positioned locations represent a rare, turnkey opportunity to own and operate a vertically integrated cannabis business in one of Montana’s most desirable markets.
$3.2 (purchase of dispo location for additional cost)
NDA REQUIRED...POF REQUIRED...BEING SOLD AS A PACKAGE...COMMERCIAL LENDING AVAILABLELE THROUGH OUR PREFERRED LENDING


Listed by Sara Hape of Western Skies Real Estate and Erica Siate of eXp Commercial.