How Much Does It Cost to Start a Dispensary in 2021 | Cannabis Startup Business Costs Explained

How Much Does It Cost to Start a Dispensary in 2021 | Cannabis Startup Business Costs Explained

#dispensaryStartup #DispensaryHowMuch #DispensaryCosts

We explain the startup costs and expenses in getting your cannabis dispensary off the ground.

– dispensary start up cost

The licensing costs can really change if it is a competitive state or a competitive state. The more competitive a state – the more expensive the licensing process becomes.

Adult use states:
– California
– Oregon
– Washington
– Montana
– Nevada
– Arizona
– Colorado
– Illinois
– Michigan
– Vermont
– New Jersey
– Massachusetts
– Maine
– South Dakota

Medical States:
– Utah
– Oklahoma
– Missouri
– Minnesota
– Mississippi
– Ohio
– Georgia
– Florida
– Virginia
– Pennsylvania
– Maryland
– West Virginia

The costs of the dispensary are clearly broken down here. They are mostly:

1. Application fees
2. Professional (Consulting) Fees
3. Real Estate
4. Build out
5. Inventory
6. License Fees
7. Employees
8. Software
9. Marketing
10. Compliance & Tax

If you have more questions about how to start a dispensary and how much it costs to open a dispensary in your state.

illinois dispensary license application

please visit us at cannabis industry lawyer dot com. Click on ‘Get Started’ button to start opening your dispensary.

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50 Comments

  1. veronica leon on June 13, 2021 at 7:18 pm

    God dang I wanted to open a weed shop 🥺 now I’m scared 😂 I live in Cali LA. What do you recommend?



  2. Keesean G on June 13, 2021 at 7:18 pm

    I’m interested in starting one in upstate NY area any help where should I get started?



  3. #wearethe74 on June 13, 2021 at 7:19 pm

    you have to have a lawyer employee products people to test your products i would say all together about around 2,000,000



  4. HandsonMovers on June 13, 2021 at 7:20 pm

    Looking to get more info about it in South Dakota… any good recommendations to start?



  5. Burn TraitorNation on June 13, 2021 at 7:21 pm

    American white market culture is an obscenely dangerously genocidal force of evil.

    Never trust a regulated, licensed cannabis producer or provider.

    I condemn legalization programs.

    Unregulated Cannabis is a HUMAN RIGHT



  6. Joseph Rikers on June 13, 2021 at 7:22 pm

    Application fee $5000
    Professional consultants $10k-100k
    Lobbyists $1000 per month
    Retainer $100,000



  7. Frank Festa on June 13, 2021 at 7:22 pm

    Do you know of a cannabis attorney in New Jersey? I’m interested in this new business and intend to start a "MicorBusiness" in Monmouth County.



  8. Armando Villagomez on June 13, 2021 at 7:22 pm

    Your awesome man. Keep speaking the truth about the corrupt socialist control on the new market.



  9. Doing Finance on June 13, 2021 at 7:23 pm

    In a competitive state (nj) how much of these start up costs will have been spent by the time you’re told you haven’t won the license?



  10. Mike DeLoye on June 13, 2021 at 7:24 pm

    Great knowledge I feel like a rube because about half of that I didn’t even consider. Faceit until they get this under control the black market will still flourish.



  11. Raymond Washington on June 13, 2021 at 7:26 pm

    Sooooo…about 1 million. Lol shir



  12. Nostoon on June 13, 2021 at 7:27 pm

    You make this business sound impossible to get into. Ugh. Also, your personality is trash and condescending.



  13. A m e n & I d e a on June 13, 2021 at 7:30 pm

    Make one for Los Angeles



  14. Nehemiah Heidelberg on June 13, 2021 at 7:31 pm

    Great content



  15. Bill S on June 13, 2021 at 7:31 pm

    almost as much as starting a dealership for cars takes about $5mil to buy into the franchise and the building and epa osha etc



  16. Renaldo V on June 13, 2021 at 7:34 pm

    What about California?



  17. Joseph Rikers on June 13, 2021 at 7:34 pm

    The cap is absurd (especially when in 2019 it was proposed everyone was going to get a fair shake) but Of course now they’re going to monopolize the industry right??

    They originally said the people (nearly anybody) would get the opportunity to be a cultivator, as long as, they went through the proper channels! “License” obviously but most importantly each individuals grow would have to meet safety guidelines and lab tested requirements to ensure product isn’t molded or have impurities such as hazardous chemicals, pesticides, fungus etc. And grows would need safety guidelines as well to avoid fires and things of that nature. It was also stated that it would taxed through apps.

    Circling back to lab tests many dispensary have on site lab ready testing machines.

    They also said up to 12 plants per adult under one household!



  18. M S on June 13, 2021 at 7:36 pm

    I love the content
    From California with love 🙌



  19. Ben Martinez on June 13, 2021 at 7:37 pm

    What about a cbd store?



  20. Joseph Rikers on June 13, 2021 at 7:39 pm

    I comment as I watch sorry for so many!



  21. Rdawg on June 13, 2021 at 7:40 pm

    Damn guess you have to be a millionaire to get into the game. What about delivery only with no store front or cultivation only and sell to a dispensary? I only have 100k.



  22. Matthew Zamora on June 13, 2021 at 7:40 pm

    Can you explain Competitive and open states



  23. Tdrexx_720 on June 13, 2021 at 7:42 pm

    Do you know license price for Pennsylvania



  24. AMBIENCE CENTRAL on June 13, 2021 at 7:42 pm

    It’s absolutely disgusting how black and brown folks can’t even get into this industry while we faced the full brunt of the suffering from the war on drugs for decades and rich white folks are mostly the only ones that are able to do this



  25. Required Taste on June 13, 2021 at 7:45 pm

    Is MA considered non-competitive?



  26. TheMischief9 on June 13, 2021 at 7:45 pm

    And this is why I hate lawyers .



  27. IMART on June 13, 2021 at 7:46 pm

    NY just passed into law. You think NY will be competitive or non ? And how much of a a yearly profit after everything is said and done ? Ballpark figure ?



  28. Shane Locky on June 13, 2021 at 7:46 pm

    🤦‍♂️ Lawyers, & Politicians.. FML.. I think I’d rather become a lawyer, than even attempt to open a dispensary..



  29. Nemohoes on June 13, 2021 at 7:47 pm

    Im in MS right now. My family owns over 500 acres of land… Very interested in being one of the first grow facilities / dispensares here in my state when they get applications ready. I’m already trying to find a cannabis lawyer that will be able to help me. Please get back with me on how we can get into contact with one another.



  30. b low on June 13, 2021 at 7:51 pm

    Im not trying to compete and make a billion dollars a year or even millions. Im chill with just like 100k a year. You cant just grow some weed medicinally at your crib and sell it from some little tiny ass shop? Just for some medical patients? Like a small gig? Geez I dont need some mainstream crap im done with that. I dont need a billion dollars.



  31. Devin mccloud on June 13, 2021 at 7:51 pm

    In Seattle the average dispensary was making 5 million a year according to the state. This guy seems like a creepy sales oil salesman.



  32. kai kai on June 13, 2021 at 7:52 pm

    What about Las Vegas Nevada?



  33. Hum Bub on June 13, 2021 at 7:53 pm

    Thanks for info! Hopefully PA SB 350 gets passed SOON! I’m ready to go



  34. Sandman Lopez on June 13, 2021 at 7:54 pm

    You know a cannabis lawyer in Utah? I want to start a dispensary there



  35. JOhn Doe on June 13, 2021 at 7:55 pm

    3. and 4. are just sanctioned corruption. Well, don’t hate the player, hate the game.



  36. John Kavanaugh on June 13, 2021 at 7:55 pm

    I hope you guys are hang drying that stuff because if you’re not it don’t come out the same, clipping buds off and putting them on things and drying them that way is destroys the weed, it loses quality and loses taste content of THC, if this new the new way of doing things I think I’ll pass, all these extra requirements of control is what I’m saying I can’t take it I just won’t do it you might as well give yourself up and let him put the cuffs on, lots of good information on your show though take care see you next time.



  37. Jovany Diaz on June 13, 2021 at 7:56 pm

    Hey brotha thinking on starting that process in California what you think?



  38. Jose Montes on June 13, 2021 at 7:58 pm

    Thinking about getting this going in albuquerque new mexico



  39. MooseJuuice on June 13, 2021 at 7:58 pm

    I’m a 24 year old software engineer that made about 100k selling cryptocurrency. My dream is to open a dispensary and I feel as though I’m close. Would I be able to start a dispensary with 100k, and then borrow the rest of what I need from a bank?



  40. javis alsinna on June 13, 2021 at 7:58 pm

    these is what i got after listening the video and the out comes was good as i started as indoor planting. https://www.baronweeedshop.com



  41. bassman4201000 on June 13, 2021 at 7:59 pm

    The fact that no one sees anything wrong with these costs is what is wrong with America.



  42. Robert Fraser on June 13, 2021 at 8:01 pm

    Buzz-kill



  43. mIster MuRPH on June 13, 2021 at 8:01 pm

    Don’t forget about being white (or a rapper). That’s important too.



  44. AL ROD on June 13, 2021 at 8:05 pm

    Holly fuck lawyers are crooks🤣



  45. Cihan T on June 13, 2021 at 8:06 pm

    It’s the American way



  46. Shane Locky on June 13, 2021 at 8:06 pm

    So easily about 5-10 million dollars?



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  48. unmarredDlite on June 13, 2021 at 8:09 pm

    Immediately came here after recreational legalization in NY. Think my dreams may have been shattered haha! Would love to see some content on this specific emerging market



  49. Jesse Gallegos on June 13, 2021 at 8:11 pm

    Will you make a video on New Mexico (newly legalized recreational use)?



  50. T'Real Williams on June 13, 2021 at 8:17 pm

    Yo, Yo…NEO! Bill & Ted Excellent Adventures!!!