Even if you have a million dollars in your bank account, it still isn’t an easy process to open up a marijuana dispensary.
I didn’t have the first clue where to start when I wanted to make that industry a part of my business.
I already own several businesses in the area. I knew that I wanted to get into medical and recreational marijuana sales. I contacted a marijuana consultant to discuss all of the details. I quickly learned that it was not going to be easy to open the dispensary. I had to fill out a lot of paperwork online and I had to pay a lot of fees. There are a number of rules that must be followed at all times. There is a whole binder in my office with every regulation and rule. The book has almost 300 pages. I have a cannabis lawyer on retainer to answer any questions. It took almost 6 months before I was able to finally get my license for the dispensary. I had to jump through hoops, but now I am licensed to sell medical and recreational marijuana through the state. As long as I follow all the rules, my cannabis license will be renewed every year as long as I pay the appropriate fees. I had to pay $4,500 when I submitted my application for approval and then I had to pay additional fees after I was approved. Some of those fees will have to be paid yearly and other fees were a one-time tax to get my marijuana sellers license.