A Guide in Opening a Cannabis Dispensary.
On average marijuana dispensaries in 2017 were serving close to 100 clients per day. The industry to continue growing even in the future, so if you are thinking of getting into this industry, this is the best time before it gets crowded. The points below can make it much easier when starting a cannabis dispensary.
After marijuana dispensaries they were authorized in 2013, medical marijuana was legalized 3 years later. The sales from marijuana in the year 2021 will be very high. Acquiring a marijuana license in future may not be easy. If you have tips on how to start a cannabis dispensary, it will be easier for you.
The population in a county determines how many dispensaries they can have. The population guidelines are, if the population of a county is more than 700,000 then around 40 dispensaries are allowed. More than a 100,000 population but less than 700,000 they allow 10 dispensaries, while a population of below 55,000 only one dispensary is allowed.
Did you know you will be charged a fee to acquire a cannabis license. The registration fee for a medical cannabis dispensary is $30000 and a renewal fee of $5000. While for a medical cannabis cultivation facility or cannabis product manufacturer you will be charged $3,000 for registration and renewal for each $1,000. The registration fee as per now for a testing lab is $5000 and a the renewal fee is $3000. Both whole sellers and retailers of cannabis products are charged a 2% excise duty.
All licenses and regulations in this industry are done by the taxation department. You can read more on cannabis licensing here.
If you want to be able to distribute cannabis from one establishment to the next get a distributor license.
If you have the cultivation facility license, you can grow and cultivate the cannabis.
If you have the product manufacturing facility license, just like the cultivation facility you cannot sell cannabis to consumers.
The retail store license is ideal for anyone that wants to buy marijuana from manufacturer and sell to consumers.
If you want to test the marijuana, a testing facility license is ideal.
Apart from the license, you must show proof that you have $250,000 as liquid assets as start up capital, you must own the building where you are starting the facility or you have a permission from the owner of the building. It is important you show how you will run the dispensary.
The marijuana business is a lucrative business and you can make a lot of money.
The age limit for cannabis products its 21 years. To purchase the medical marijuana, you qualify if you have the following conditions, AIDS, cancer, severe pain and many more.