One of the largest indoor and outdoor cannabis farms in Colorado is now scheduled for a two-day auction beginning on July 24.
The Beulah Valley Farm, set in the small south-central town of Beulah, was opened in 2014 and encompasses some 27 acres. Besides this vast acreage, the property is distinguished for its 10,000 square-foot processing facility.
Additional feature: a nearly 2,000 square-foot building providing residential space for the site’s manager.
Located at the foothills of the San Isabel National Forest at 7791 Colorado State Highway 78 W, some 26 miles to the southwest of Pueblo, the Beulah Valley Farm has legal clearance to produce up to 10,200 plants annually.
Cannabis has been legal for medical use in the Centennial State with the voter passage of a state-wide amendment in November of 2000. In 2012, voters approved an additional amendment, allowing for recreational use.
The Beulah operation has proven particularly successful, enjoying an annual revenue of around $400,000.
The property is being listed by the Firestone, Colorado-based real estate firm KW Commercial.
According to the Colorado Department of Revenue, total cannabis sales in April stood at $131 million. That figure is down from the $153 million for that same month in 2022.
Record sales were reached in July of 2020 at $226 million during a time, according to the publication MJ Biz Daily, “when people flush with federal stimulus cash had few other places to spend their money.”
By Garry Boulard
