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
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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Cannabis Startup Business Costs Explained
How Much Does It Cost to Start a Dispensary in 2021 | Cannabis Startup Business Costs Explained
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God dang I wanted to open a weed shop 🥺 now I’m scared 😂 I live in Cali LA. What do you recommend?
I’m interested in starting one in upstate NY area any help where should I get started?
you have to have a lawyer employee products people to test your products i would say all together about around 2,000,000
Looking to get more info about it in South Dakota… any good recommendations to start?
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
Application fee $5000
Professional consultants $10k-100k
Lobbyists $1000 per month
Retainer $100,000
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.
Your awesome man. Keep speaking the truth about the corrupt socialist control on the new market.
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?
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.
Sooooo…about 1 million. Lol shir
You make this business sound impossible to get into. Ugh. Also, your personality is trash and condescending.
Make one for Los Angeles
Great content
almost as much as starting a dealership for cars takes about $5mil to buy into the franchise and the building and epa osha etc
What about California?
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!
I love the content
From California with love 🙌
What about a cbd store?
I comment as I watch sorry for so many!
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.
Can you explain Competitive and open states
Do you know license price for Pennsylvania
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
Is MA considered non-competitive?
And this is why I hate lawyers .
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 ?
🤦♂️ Lawyers, & Politicians.. FML.. I think I’d rather become a lawyer, than even attempt to open a dispensary..
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.
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.
In Seattle the average dispensary was making 5 million a year according to the state. This guy seems like a creepy sales oil salesman.
What about Las Vegas Nevada?
Thanks for info! Hopefully PA SB 350 gets passed SOON! I’m ready to go
You know a cannabis lawyer in Utah? I want to start a dispensary there
3. and 4. are just sanctioned corruption. Well, don’t hate the player, hate the game.
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.
Hey brotha thinking on starting that process in California what you think?
Thinking about getting this going in albuquerque new mexico
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?
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
The fact that no one sees anything wrong with these costs is what is wrong with America.
Buzz-kill
Don’t forget about being white (or a rapper). That’s important too.
Holly fuck lawyers are crooks🤣
It’s the American way
So easily about 5-10 million dollars?
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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
Will you make a video on New Mexico (newly legalized recreational use)?
Yo, Yo…NEO! Bill & Ted Excellent Adventures!!!