How to Start a Cannabis Dispensary Business | Legally

How do you start a dispensary business legally in your state without having to worry about the boys being on your back? ( code for cops)

Now in this video, I’m going to break down the start-up cost, expenses, and, most important, the profits of getting into the cannabis industry.

Questions I’m going to answer
– Is worth it
– Is it hype
– Is it a long term thing

Ps: Some articles say 500k-2million ( however that’s just crazy) is kind of like people that think it takes a million to get into real estate; it’s all about how creative you get legally.

How to start cannabis dispensary business | legally

First Thing Legal states:
Medical Use: 24 States
Medical and Recreation Use: 9 states
Understanding the laws

Start-Up Cost:
– License: However, states limit the licenses they give you, so you want to talk to a state regulatory agency.
– If none Available: you can always buy an existant retailer and get their license ( tactics used by some people to get bank licenses also)
– Retailer License: 1500-6000 and could require a requiring annual fee
– Location/Retail Spot: ( cant be around a school and as to be approved by the state)
– Inventory: Prices range by distributors
– Employees: Minimum wage or how much you choose
Expenses:
– Space: $2000-16,000 or more depending on the location
– Employees: Minimum wage which is $12 you’ll probably pay more
– Inventory: $1,464 per pound which around 453 grams
Average Dime weighs: .5 grams which are ( 906 dime bags)
The volume of what you do
– Legal fees to make sure you stay within the laws: ( compliance officer)
Profits:
Medical Prices: are actually higher than Recreational ( Insurance pays vs. individual pays)
Cannabis Price: you have Normal Cannabis and Then Brand Cannabis ( like the difference between Gucci shirts and Hanes shirts, they all fit but it’s different)
Average Price: California Example ( don’t forget about the Tax)
1 gram: 10.82-$13.52 ( calculate Profits )
1 Pound 1700-1816 ( calculate Profits)

Challenges: Biggest
– It’s getting a license ( you’ll need connections)

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50 Comments

  1. versus on November 5, 2020 at 9:21 pm

    dude show how to do illegally…srsly i am tired of paying taxes



  2. deathbell 98 on November 5, 2020 at 9:22 pm

    I’m in Ontario and wondering if a native would be able to start one on reserve land…I’ve been thinking and reading alot about this..



  3. Vince Antetokounmpo on November 5, 2020 at 9:25 pm

    Pay me in green 🤑🤑🤑



  4. Anthony Wall on November 5, 2020 at 9:26 pm

    hi



  5. xTeepee on November 5, 2020 at 9:26 pm

    Aight. I’ll fuck wit ya lol. You a damn acc? Best help me with my class😂 or help run my shop ina year



  6. Put it on the table on November 5, 2020 at 9:29 pm

    I think it’s cool except that it’s dangerous because you never know who you dealing to and where there minds are at



  7. xSmoko on November 5, 2020 at 9:30 pm

    by the way bro it’s 448g for the P



  8. Collin Barbee on November 5, 2020 at 9:30 pm

    Question about inventory. What if you grow from home?



  9. seb carry on November 5, 2020 at 9:30 pm

    Farmers hmu snapchat sebhugh1 Vancouver bc



  10. Michael Leon on November 5, 2020 at 9:30 pm

    This is my 3rd time seeing this video in my recommended it’s a sign 💪😈



  11. LEETOOCREATIVE on November 5, 2020 at 9:32 pm

    Need a Cali plug !!!!!!



  12. WeHo Addict on November 5, 2020 at 9:32 pm

    Retail Pricing is higher in states that just recently legalized too. MA legalized only recently and they are restricted to only being able to sell a certain strength. The legislation mandates that. So their recreational gummies contain only 4.37mg per piece and cost $20 for a 10 pk, whereas SF (which has been legal longer) sells gummies that are 10mg each and a 10 pk only costs $18. That’s less than half the SF dosage for $2 more.



  13. DoPaMinE on November 5, 2020 at 9:35 pm

    This guy is an idiot he needs to know his facts before he opens with mouth lol CA REQUIRES you to have ABOUT 250k in assets. Own the property and a lot in permits.. this guy is just dumb !



  14. SonOf202 on November 5, 2020 at 9:35 pm

    Initiative 171 changed everything in DC



  15. Bo Spiritual on November 5, 2020 at 9:38 pm

    Tommy’s were always different idky we just are 🗣💯



  16. J V O H on November 5, 2020 at 9:39 pm

    BRO, YOUR INFO IS NOT EVEN CLOSE TO 50% CORRECT INFO.. DONT DO VIDEOS JUST FOR CONTENT.



  17. Random Guy on November 5, 2020 at 9:39 pm

    The cannabis industry makes me excited since I see loads of potential. Many states are finally legalising recreational weed, including growing and selling it, like the whole of the west coast. Because there aren’t many private weed companies yet, you could be the first one there and set up a monopoly.



  18. The Cat's Backyard on November 5, 2020 at 9:40 pm

    I got 5 on it. Let’s get floored. Let’s get keyed. I got 5 on it. Messin with that Indo weed. I got 5 on it.



  19. bruce wayne on November 5, 2020 at 9:41 pm

    Your paying 500k-2M for the license you dummy that’s why they are so much because you can’t get them



  20. og supreme on November 5, 2020 at 9:42 pm

    My bro definetly not that smart 😅 ain’t hatin but u buggin fr



  21. Cobra.1. Kai on November 5, 2020 at 9:43 pm

    In Arizona if your not an investor, lawyer, cpa, HR, director of retail sales, head horticulturist or extraction specialist. Your pretty much earning minimum wage unless your company offers tips at a dispensary or incentive programs for mass volumes for production in a cultivation. The best positions earn 18-22 and can range from behind the scenes office work, assistants or inventory control managers. Most other positions i mentioned are a base salary with production/gross margin bonuses excluding HR which is just base salary. I wouldnt know what an investor, lawyer, or cpa makes tbh.



  22. Real Chino on November 5, 2020 at 9:44 pm

    can someone please comment under this and answer this question for me do you need a high school diploma or a ged to start up a cannabis busniess??? i could get the money to start the busniess up but do i really need a high school diploma or ged?



  23. CORY KYLES on November 5, 2020 at 9:44 pm

    360 jeeeezzzzzy



  24. Qanna Solutions on November 5, 2020 at 9:45 pm

    Do they take credit cards and debit cards there at the dispensary? Qanna Solutions has payment processing machines for dispensaries with cashless payments. Thank you for posting your video.



  25. John Venni on November 5, 2020 at 9:48 pm

    It’s 448 grams in a pound



  26. Joey Pan on November 5, 2020 at 9:51 pm

    Brother you don’t know what you’re talkin about men $1,400 a pound you make me laugh bro you’re not even in Cali I am talk about the minimum wage you have no sense bro brother I hate to say you would have to dump your s*** up to 2,200 a pound 2 about 18 where you’re talkin about is Boo Boo so good luck with that someone’s just trying to make a stupid YouTube channel talking about something they don’t know nothing about



  27. King Dot on November 5, 2020 at 9:52 pm

    The average price for a pound is not 14 anything



  28. Mihlali May on November 5, 2020 at 9:57 pm

    do you have a cannabis dispensary business



  29. Gorge Rose on November 5, 2020 at 9:57 pm

    Bitcoin all the way I trust bitcoin



  30. BITCOIN IS THE BEST on November 5, 2020 at 9:59 pm

    I want to start selling weed and I’m 11, is that bad?



  31. smart sales on November 5, 2020 at 10:01 pm

    I’m also interested in starting onewell I ordered twice from kush_fisher2020 on snap both ibs and it went through via FedEx and wasn’t caught was damn shocked when it was delivered to me and when I took a look damn the packaging was 💯 even the dogs couldn’t have perceived it



  32. Jordan Hutchings on November 5, 2020 at 10:03 pm

    I love you 😇



  33. Marlon Pelote on November 5, 2020 at 10:03 pm

    I need a farmer👀👀👀🤔🤔



  34. Axel Salgado on November 5, 2020 at 10:04 pm

    They just legalized weed in AZ



  35. d⃟e⃟p⃟r⃟e⃟s⃟s⃟i⃟o⃟n⃟ on November 5, 2020 at 10:05 pm

    So you make 4000 a week or month??



  36. Clorox Bleach on November 5, 2020 at 10:05 pm

    i jus love what it does for the mind and body. i personally use it to help w my anxiety n ptsd, it allows me to be more calm n relaxed on a regular basis while my mom uses it for various conditions n chronic pain. i believe it is a powerful medicine and at times, part therapist. It can help a wide variety of people especially ones who can’t provide the funds to keep up with medical card costs in hard states like new jersey. it also is a huge way of relieving the nations debt but i’m not gon get into that. my point to say is my goal is to own a chain of these dispensaries if possible. id love to spread the same love that was introduced to me 💯



  37. Olivia Sauls on November 5, 2020 at 10:06 pm

    Yo



  38. Bahram G on November 5, 2020 at 10:07 pm

    Is pot delivery legal? Can I open a dispensary that only delivers weed and doesn’t have a location?



  39. Bestofallderp on November 5, 2020 at 10:08 pm

    Wait this isn’t how to invest in business in sims 3



  40. Joey Pan on November 5, 2020 at 10:10 pm

    I hate to say if you didn’t jump on it on the time frame you do should have it’s all sewed up people California’s lockdown with a lot of other states you have to buy it from somebody



  41. seps N eJ Money on November 5, 2020 at 10:13 pm

    Love this fucking business



  42. Skeleton on November 5, 2020 at 10:13 pm

    Wait so you’re an accountant. Not a dispensary owner or have no business in cannabis. I’m really confused about that.



  43. Henry Hernandez on November 5, 2020 at 10:14 pm

    I am in Colorado and Business is a Boomin!! I think it would be safest to own the real estate for the most steady flow of income. Perhaps a career as a compliance officer. Colorado did later make laws that a dispensary had to be at least 2 miles from any school. So if you have a building or your eyes on one. Get a Transferable license ASAP.



  44. ItWasn'tBiggie on November 5, 2020 at 10:15 pm

    Thank you so much, this is my dream



  45. Indigo S.N Col on November 5, 2020 at 10:15 pm

    Thank you gave quick quick tips 👍🏼🤜🏽🤛🏽



  46. TommyBryson on November 5, 2020 at 10:16 pm

    Would you rather do Recreational or Medical purpose selling or Both?
    ***More business Plans***
    link: https://www.youtube.com/watch?v=5G9vsdBuZBA&list=PL7bLnhVDy78LjfYay1ipJHeAB5kLr2p7h



  47. Tommy Smith on November 5, 2020 at 10:16 pm

    How to start business



  48. Joey Pan on November 5, 2020 at 10:16 pm

    Been in the game since 2000



  49. Tyler Ratliff on November 5, 2020 at 10:17 pm

    Love it. Gonna try and start a business this next year



  50. bruce wayne on November 5, 2020 at 10:19 pm

    Shut up dude I’m sure everyone already knew everything you just said stupid